ETH currently in a downtrend

ETH is not looking much better and has also failed to make higher highs. We are expecting a jump around the 1430 dollar area which has acted as support so many times in the last few days. If this support fails we will look at getting into a trade with ETH.

We have not been trading at all as we are waiting on confirmation of the market direction and at this moment we can see that it is clearly in a downtrend.