FX.co ★ #Ethereum chart analysis

As a result of yesterday's decline in #ETH sellers were able without much difficulty to execute a break of the calculated support level in the form of a sloping trendline around 2260 and we successfully closed below it. Volumes throughout this move were fairly high and gradually increased, which indicates further entries of large bears into positions, which in turn increases the chances of seeing a continuation of the decline in the near term. Summing up, I still prioritize selling, so today I will expect #ETH to continue 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.