A_Game_of_Coins
Short

A Game of Coins | ETH Retracement Support Levels

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Following hot on the heels of LTCUSD , ETHUSD is having an exuberant run on the price action.

There is a good amount of volume to back up the price action, however, not in the league of LTCUSD .

Support Levels at:

1) ~$535 USD - this aligns with the 0.618 FIB level, and I would expect this to hold in the near term
2) ~$510 - aligning with the 0.786 FIB level - the round number may play a part of being a strong support level should it pass Support 1
3) ~$480 - a support level that has been previous resistance dating back several weeks/months, making for a 100% retracement from the current ATH's

The current mania, may be playing into the hands of many coins. As such, I feel this particular run is over extended, therefore;

Near Term Trading Standpoint = SHORT

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