Ethereum price attacks the support – Analysis - 11-07-2019

Ethereum price traded with clear negativity yesterday to start pressing on the bullish channel’s support line that appears on the chart, to hint the price head to start correctional bearish wave on the intraday basis, noting that breaking 280.00 will confirm rallying towards 255.90 as a next negative target.

Therefore, we suggest the continuation of the bearish bias in the upcoming sessions unless the price managed to breach 296.80 level and hold above it.

The expected trading range for today is between 255.90 support and 296.80 resistance

The expected trend for today: Bearish