Ethereum price resumes the decline – Analysis - 01-02-2019

Ethereum price trades negatively since yesterday to remain stable inside the bearish channel that appears on the chart, which supports the continuation of our bearish overview, as the price approaches our first waited target at 100.00, which breaking it represents the key to rally towards 83.00 as a next target.

Therefore, we will continue to suggest the bearish trend for today unless breaching 116.50 and holding above it.

Expected trading range for today is between 90.00 support and 116.50 resistance

Expected trend for today: Bearish