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Ethereum has broken major support, could lead to a big drop!

Oleh Tickmill
Broker
Ethereum has broken major support at 756 (Fibonacci retracement, horizontal overlap resistance, bearish price action) and a strong drop could occur from this level towards 538 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support).

RSI (34) sees an intermediate descending resistance line provide downside pressure on Ethereum.

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Bitcoin (Cryptocurrency)Chart PatternsCryptocurrencyEthereum (Cryptocurrency)ethereumlongethereumshortETHUSDethusdlongethusdshortHarmonic PatternsTrend Analysis
Tickmill
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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