ETH channel
Ethereum / U.S. dollar BITSTAMP:ETHUSD
Eth continues to trade in this channel/ bearish flag formation, holding firmly under the daily 200MA. As such, it’s key to note that technically the momentum is still bearish and we could potentially see large movement to the downside. However, given the way that crypto market moves often happen, these scenarios are often best traded by sitting on the side-lines until more confluence comes along and we can take a higher probability trade. In this case, we will be monitoring for short positions after further breaking down from the channel.
