FX.co ★ #Ethereum chart analysis

Seller activity on #ETH was very high yesterday, and as a result of their orchestrated sell-off we were able, without much difficulty, to register a breach of the calculated support level around 2380, while volumes during the decline and the breach of that level were fairly high and gradually increasing, which indicates growing entries by large bears into positions, and this in turn gives a good chance to see a continuation of the decline in the near term. Overall, 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.