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Ethereum within intraday bearish channel – Analysis - 16-03-2018
Ethereum price fluctuates near 565.54 level, and the price moves inside intraday bearish channel that appears on the chart, which organizes the recent bearish wave, supported by the EMA50 that pushes negatively on the price, waiting to break the mentioned level to confirm opening the way to head towards 492.00 as a next station.
Therefore, we will continue to suggest the bearish trend in the upcoming period conditioned by holding below 663.12.
Expected trading range for today is between 530.00 support and 660.00 resistance
Expected trend for today: Bearish
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