SECCommission

ETH - Downtrend Channels To Watch

Short
BITFINEX:ETHUSD   Ethereum
From my personal perspective - ETH most likely will try to bounce off a bit from $50-$60 long term support slope but even this will fail to hold resulting in break down causing even more, unprecedented pain. Remember - the best levels tend to stand out from other, the less obvious ones. Realistically - it could bottom out at around $10-20. Long term though, for Ether it depends on adoption mostly. Next zones of interest are $47 and $12.

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