In the H4 chart, the downtrend continues; ETHUSD has gone into the long-term demand zone.
Read my ETH long-term analysis here:
https://steemit.com/ethereum/@cryptocurrencyta/long-term-analysis-ethereum-i-see-the-light
This zone is range from 475 to 575. So I think ETH will reverse somewhere in this zone. But I do not see any sign of reserve at this moment. Stoch(8,3,3) made a lower low, bollinger band expand, MA20 pointed down. So I think the main targets of the downtrend may be 475, as it has support of weekly trendline.
As we can see in the H1 chart, ETHUSD made a divergent trade, and it’s a false signal. So I think in short-term, ETH will go down until it hits any significant resistance.
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