Down Trend continues on Ethereum
First of all there was a huge volume deposited from the market on 29.03.2018. It leaded to a minimum of 291 EUR.
The downtrendline from the absolute top-price, 1160 EUR, crosses the way soon.
300 EUR acts as support, 340 as resistance.
The fibonacci retracement fits well to the 1h and 15min frames.
From the low and the double confirmation at 338 EUR it forms a decreasing triangle. It also could be a Wedge continuation. Both cases lead to the conclusion that the price will fall.
The downtrendline from the absolute top-price, 1160 EUR, crosses the way soon.
300 EUR acts as support, 340 as resistance.
The fibonacci retracement fits well to the 1h and 15min frames.
From the low and the double confirmation at 338 EUR it forms a decreasing triangle. It also could be a Wedge continuation. Both cases lead to the conclusion that the price will fall.
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