Ethereum has broken ascending support, potential for bearishnessWe were watching our ascending support line really closely yesterday and price has finally broken below it. This is usually a sign for a potential change in momentum to bearish. Our 1st major resistance is at 907 which is a pullback resistance level. Our next major support is at 778 which is a 50% Fibonacci retracement and a strong horizontal swing low support.
What is interesting it our RSI breaking below 46% which was previously holding up prices really well, this could be interpreted as potential for bearishness.
