Mihai_Iacob

Ethereum to break important 1700 support

Kort
COINBASE:ETHUSD   Ethereum
After an initial drop to 1700 important support, Eth has risen quickly above 2k figure and has spent the following 2 weeks in consolidation.
In the past 2 days ETH has lost 15% of its value giving us a clear indication that the previous range was in fact distribution.
At this moment 1900 should provide strong ceiling and rallies towards this zone should be sold.
In medium term EthUsd can drop to 1350-1400 zone for a test of 2017 high

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