Ethereum (ETH) Price Update: More Blood on the Street?

Hi guys!

Here are my thought on Ethereum for today.

ETH - Daily Chart

Tools used: Moving Average, Stoch RSI and Trend-Based Fib Extension

If this dump continues, this is the rough price target I would look for a dip. Note that the 200 moving day average is close to the 62% fib extension.

And even if the stoch RSI is already in oversold area ethereum could stay on this level for a while. So we might see another dump also bitcoin hasn't stopped dumping so this surely add up to the pullback.

Disclaimer

You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!