Ethereum : ⬇️ Sell
- Ethereum broke strong support level 1735.00
- Likely to fall to support level 1400.00
Ethereum cryptocurrency recently broke below the strong support level 1735.00 (which stopped earlier sharp downward impulse wave (A) at the start of February).
The breakout of the support level 1735.00 – if the price closes this week below this level- should greatly accelerate the active impulse waves 3 and (C).
Given the strongly bearish sentiment seen across the crypto markets today, Ethereum cryptocurrency can be expected to fall to the next support level 1400.00.
SOURCE LINK : Ethereum Wave Analysis – ActionForex
