Ethereum price achieves some gains – Analysis - 15-08-2018

Ethereum price provides positive trading to approach 300.00 barrier, affected by stochastic positivity, while the EMA50 keeps pressing negatively on the price, to support the chances of continuing the bearish trend inside the bearish channel that appears on the chart.

Therefore, we will keep our bearish overview unless the price managed to breach 330.00 level, as breaching this level will push the price to test 400.00 areas before any new attempt to decline, noting that our next main target is located at 175.00.

Expected trading range for today is between 200.00 support and 330.00 resistance

Expected trend for today: Bearish