FX.co ★ #Ethereum chart analysis

Seller activity on #ETH yesterday was very high and as a result of the decline they organized we were able, without much difficulty, to record a break of the calculated support level around 2380; at the same time, volumes during the decline and the break of that level were fairly high and gradually increased, which indicates an increase in entries by large bears into positions, and this in turn gives a reasonable chance to see a continuation of the decline in the near term. Overall, my priority is still selling, so from #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 2200, with the possibility of moving below it.