Ethereum price loses momentum – Analysis - 23-01-2019

2019-01-23 04:41:23 GMT (

Ethereum price trades at the bearish channel’s resistance that appears on the chart, noticing that stochastic lost its bullish momentum and begins to provide negative signals now, which supports the chances of resuming the bearish bias to break 116.50 level and open the way to head towards 100.00 that represents our next main station.


Therefore, we will keep our bearish overview in the upcoming sessions conditioned by the price stability below 137.24.


Expected trading range for today is between 100.00 support and 130.00 resistance

Expected trend for today: Bearish

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