Ethereum: ⬇️ Sell
– Ethereum reversed from the 1800.00 resistance level
– It is likely to fall to the support level 1715.0.
The Ethereum cryptocurrency recently reversed down from the resistance zone between the key 1800.00 resistance level (which stopped wave i in June) and the upper daily Bollinger band.
This resistance area is further strengthened by the 38.2% Fibonacci retracement level of the previous sharp downward push from April.
Due to the strong daily downtrend and the daily stochastic in the overbought zone, Ethereum is expected to decline further to the next support level 1715.0.
