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Mihai_Iacob

Eth- Still bearish in spite of yesterday's rally

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Ethereum (BITSTAMP:ETHUSD)  
Mihai_Iacob  
BITSTAMP:ETHUSD   Ethereum
Trend Analysis Chart Patterns Technical Indicators ETHUSD ETHUSDT ethusdshort Ethereum (Cryptocurrency) ethereumforecast ethusdidea ethusdforecast ethusdanalysis ethusdtrade
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trendanalysis chartpattern indicator ethusd ethusdt ethusdshort ethereum ethereumforecast ethusdidea ethusdforecast ethusdanalysis ethusdtrade
Yesterday Ethereum has had a strong day with the price rising around 7% from above 4.1k to 4.4k.
However, the structure remains bearish and now we can consider 4.4k strong ceiling for EthUsd.
A new visit to 4k zone is very probable at this moment and, as I said yesterday, a break under 4k would signal a deeper correction and open the door to 3.4 support.
A daily close above 4.4k would change my opinion
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