FX.co ★ #Ethereum chart analysis

Seller activity in #ETH yesterday was very high and as a result of the decline they organized we were able, without much difficulty, to register a break of the calculated support level around 2380, while volumes during the decline and the break of that level were fairly high and gradually increased, which indicates that large bears were increasing their entries into positions, and this, in turn, gives decent chances to see a continuation of the decline in the near term. Overall, selling remains my priority, so for #ETH today I will expect a continuation of the decline that began yesterday in the second half of the trading day toward targets at the nearest calculated support level of 2200, with a possible move below it.