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Daily Crypto Price Analysis (Ethereum 20th June, 2018)

Ethereum is similar as BTC. It’s bearish and as expected, seems like it’s just slowed down in wave 4, because we can see only a three-wave rise back to a previous wave iv and 38,2% Fibonacci retracement around 540 level, which is an ideal resistance for wave 4 at that channel support line, which can act as a resistance. So, here as well we can expect another leg down for wave 5 towards 430, maybe even 400, as long as it’s trading below 576 level, but if breaks above that 576, then bulls could be back in play.

 

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