Ethereum sell the breakdown.
Ethereum - Intraday - We look to Sell a break of 2047.8 (stop at 2111.1)
Yesterday's price action moved through the resistance at 2400 but has so far failed to probe much higher.
A break of bespoke support at 2060, and the move lower is already underway.
Short term momentum is bearish.
Daily signals are mildly bearish.
We look for losses to be extended today.
Our profit targets will be 1860.1 and 1812.1
Resistance: 2250.0 / 2400.0 / 2500.0
Support: 2060.0 / 1950.0 / 1800.0
Yesterday's price action moved through the resistance at 2400 but has so far failed to probe much higher.
A break of bespoke support at 2060, and the move lower is already underway.
Short term momentum is bearish.
Daily signals are mildly bearish.
We look for losses to be extended today.
Our profit targets will be 1860.1 and 1812.1
Resistance: 2250.0 / 2400.0 / 2500.0
Support: 2060.0 / 1950.0 / 1800.0
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