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ETHEREUM (ETH) Morning Analysis 09-02-2018

 

The price of ETHEREUM is showing negative negative trades on its way to test the pivotal support at 712.00. The bearish scenario remains effective so far, supported by the 50 SMA and the overbought signs appearing on the stochastic, with the mentioned break of the support extending the downside wave to 492.00 as a next stop .

Keep in mind that the continuation of the expected bearishness depends on stability below 848.14.

The trading range for today is expected among the support at 700.00 and the resistance at 850.00

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