Last week's earnings are in decline that have reduced profits from 10 to less than five per one hundred week on week since yesterday's close.
If nothing else, what is happening on the weekly chart is nothing but normal as the bears simply follow the events of the final week on September 9th.
Last week's gains, as emphasized in the previous ETH price analysis, were only delays in printing deep drops that completed a typical effort against the outcome scenario.
Because of yesterday's declines, we recommend selling on throws with modest targets at $ 150.
Ethereum's daily price charts
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Ethereum daily price charts for trading view
There are two ways to trade in this time frame. With the understanding that prices are in a deep bear cycle, negotiating with the trend means shorting all the higher levels in less time.
First, traders can sell at spot prices in line with yesterday's peak in market participation that saw ETH prices fall after consolidation periods in the second half of last week with targets as of 12 September are low at around $ 170.
If today ends upside down, our previous analysis of Ethereum prices would be canceled. The conservative traders of Ethereum can instead negotiate only once they break under $ 165 with ambitious goals at $ 75
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Disclaimer: The opinions and opinions expressed are those of the author and do not constitute an investment advice. Trading any form involves risks, as well as your due diligence before making a commercial decision.