The price of Ethereum under negative pressure - Analysis - 31-01-2018

The price of the Ethereum continues to provide negative trading to start below 1068.17, signaling signs of a suggested bullish downtrend in our recent reports and resuming the bearish correction again, paving the way for a visit to 958.16 as the next target.

Therefore, we expect the downside movement to continue in the coming sessions unless the price breached the 1204.28 level and stability above it, noting that a break of 958.16 will push the price towards 848.14 as a next stop.

The trading range for today is among the key support at 958.16 and resistance at 1130.00

The general trend for today is bearish

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------------------------------------------ DISCLAIMER ----------------------------------------
This is not an Investment advice, your are responsible on your own trades. We just provide a technical analysis for current market situation and it's a prediction based on the currency price. WE MIGHT BE WRONG.

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