Technical analyses - Ethereum (ETH) - Retrest up

The bearish trend is currently very strong for ETHEREUM - ETH/USD. As long as the price remains below the resistance at , you could try to take advantage of the bearish rally. The first bearish objective is located at . The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at as an objective. Crossing it would then enable sellers to target . Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.