Ethereum loses momentum – Analysis - 26-02-2018

Ethereum price shows slight bullish bias to test the EMA50 now, while stochastic returns to move at the overbought levels, which forms negative factor that we expect to press on the price again, waiting for breaking 821.06 level to confirm the head to 712.48 then 663.12 levels as next main stations.

You should be aware that breaching 881.42 will stop the expected decline and pushes the price to achieve gains that begin at 979.00 mainly.

Expected trading range for today is between 772.00 support and 880.00 resistance

Expected trend for today: Bearish