As we forecasted previously, Ethereum traded intensely to the lower side and even went below the hourly support level 507.54. As long as the price is contained below this level, we expect a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (v) and should first break below 450.23 before a tremendous move towards 365.00 is seen. At the moment, buy positions looks more risky and only sell positions can be recommended.
Resell Ethereum upon a correction towards 507.54
101% Double the volume
You may check other analytical reviews on FreshForex website. Source: freshforex.com.