Midday update for Ethereum 23-01-2018

Ethereum price keeps providing the negative trading to break 958.00 level and close the last four hours’ candlestick below it, which activates the bearish trend scenario for the rest of the day, waiting to visit 848.14 level as a next station.

Therefore, we will be waiting for negative trading in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that breaching 958.00 will stop the expected decline and push the price to test 1068.00 initially.

Expected trading range for today is between 900.00 support and 1068.00 resistance

Expected trend for today: Bearish