Is dump so close for Ethereum ?

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hello, Traders!
Monfex is at your service and today we overview ETH/USD.

Ethereum broke through the expected support levels. Now it's testing a key level to continue the fall. It can also be noted that although the dominance of Bitcoin is now falling against Altcoins, we can see a bearish divergence at some daily charts on many well-known Alts. This is a negative sign for the market, but there are also resistance zones that can be like a magnet and logical level of reverse for some correction movements.

Local resistance level is ~ $ 185

Supposed Trade Signal by ETH/USD
  • Sell with confirmation of breakout near $177
  • Take profit ~ $161, $154 , $144
  • Stop at $184

  • Market Cap
    $19 476 575 983 USD
  • Volume (24h)
    $7 533 806 876 USD
  • Circulating Supply
    108 166 529 ETH

Share your thoughts, ideas about the market under the chart.

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This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Comment: ETH/BTC with bearish div we said about
Comment: broke the support
trade signal is active!


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