Ethereum price within negative pattern – Analysis - 10-12-2018

Ethereum price surpassed the bearish channel’s resistance that appears on the chart, but it moves within minor bullish channel that we believe it forms bearish flag pattern that will support the expectations of continuing the overall bearish trend, and the price needs to break 89.30 level to confirm rallying towards our next negative target at 60.00.

Therefore, we will keep our bearish overview supported by stochastic negativity, noting that it is important to hold below 105.00 to continue the expected decline.

Expected trading range for today is between 80.00 support and 100.00 resistance

Expected trend for today: Bearish