After breaking above the three Simple Moving Averages, ETH has been on a constant downtrend and is still very bearish both on the lower and the higher time frames. While the price is contained below these three, I expect a spike to the lowerside with an ideal take profit at $295.01. On its way to the lower side, I expect a bounce from the following lines, $375.21, $360.12, $320.12 and $300.00. If these lines are broken, then a rally towards $295.01 is expected. As it is, only a buy position looks ideal.
101% Double the volume
You may check other analytical reviews on FreshForex website. Source: freshforex.com.