FX.co ★ #Ethereum chart analysis

Seller activity on #ETH was very high yesterday, and as a result of their organized sell-off 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 increasing entries of large bears into positions, and that in turn gives a good 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 of 2200, with a possible move below it.