Ethereum has broken major support, could lead to a big drop!
Ethereum has broken major support at 756 (Fibonacci retracement, horizontal overlap resistance, bearish price action) and a strong drop could occur from this level towards 538 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support).
RSI (34) sees an intermediate descending resistance line provide downside pressure on Ethereum.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (34) sees an intermediate descending resistance line provide downside pressure on Ethereum.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results