Ethereum Showing New Signs Of Weakness With A 20% Drop Possible

ETHUSD did rally 6% as projected in our previous analysis and is now showing signs of the $380 level being rejected.

A drop back to the previous consolidation range (red box) may lead to a significant drop of 20% all the way back down to $290.

This is happening while BTC is showing signs of strength above support.

In our next analysis we'll look at ETHBTC pair.

Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.