Ethereum

Ethereum drops from the sky!

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  • After hanging out near resistance for a few days, ETH was unable to muster any kind of strength
  • We did get a break down from the channel we formed near this supply zone and have been dropping ever since
  • We bounced perfectly at the bottom of the support OB at $103.50 on above-average volume
  • This is the line in the sand for bulls. If this zone isn't defended, we could see new lows as many expect to pick ether up in the low 90s
  • EMAs continue to trend lower and remain key resistance points


Thanks guys!

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