CryptoTrendline

Ethereum breaking down

BITFINEX:ETHUSD   Ethereum
Ethereum broke down after it couldn't stay above the $700 flip zone and is now at the support area around $630.

If price continues its move down, we can expect a reaction from the support area around $575.
If price continues through the support, the next such area is around $500.
If price rallies from the current levels or from the next support level, we can expect it to reach the flip zone around $700.

Good Luck,
CryptoTrendline

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