Ethereum price hits the first target – Analysis - 21-01-2019

Ethereum price succeeded to achieve our first waited target at 116.50, starting today with more bearish bias to break this level and attempt to hold below it, which reinforces the expectations of continuing the bearish trend on the intraday and short term basis, reminding you that our next target is located at 100.00.

The EMA50 keeps supporting the suggested bearish wave, which its continuation conditions holding below 137.24.

Expected trading range for today is between 100.00 support and 125.00 resistance

Expected trend for today: Bearish