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 record a breakout of the calculated support level around 2380; moreover, volumes during the decline and the breakout of that level were fairly high and gradually increased, which indicates accumulation of large bears entering 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 for #ETH today I will be expecting 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 a possible move below it.