Ethereum Moving Below Support, Incoming Drop! (Altcoins Update)

Another one of the big buys, Ethereum ( ETHUSD ), is also aiming lower...

What do you think will happen when big money flows out of Bitcoin , Ripple, and Ethereum?

Where is this money going?

The smaller altcoins of course... We are talking about thousands and thousands of altcoins.

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Back to Ethereum ...

We can see prices moving below EMA10 and the exact same signals we saw on the Bitcoin ( BTCUSD ) chart.

We have the indicators, MACD and RSI , trending lower as well as bearish divergence with both.

We also have a bearish cross on the MACD and the bear volume being clearly stronger than bull volume since the beginning of the month.

This is no big deal...
This is not a problem...

Prices go down, just as they go up.

You always get a retrace after a strong bullish move.


Conditions for change

We would need to see Ethereum ( ETHUSD ) move above the last high and staying there for the bearish bias that is developing now to be canceled out.

For now, we are aiming for lower prices.

Thanks a lot for reading.

Namaste.