Etherum Breaking Down

7 ביוני 2016

Etherum has been a stellar play for 2016 but is not looking like it is losing steam as bitcoin rallies to yearly highs. Etherum hype is dying down and I expect lower prices to be tested before bulls are in control again. First target for ETH would be .02 and secondary .015. The 100 day MA is broken and the .382 is being tested right now, once that fails I expect selling to intensify.