Ethereum: ⬇️ Sell
– Ethereum reversed from powerful resistance zone
– Likely to fall to support level 1715.00
Ethereum cryptocurrency recently reversed down from the powerful resistance zone between the strong resistance level 1950.00, upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from April.
The downward reversal from this resistance zone is aligned with the predominant downtrend that can be seen on the daily and weekly Ethereum charts.
Ethereum cryptocurrency can be expected to fall further to the next support level 1715.00 – former minor support from the start of July.
