Morning fellows,
Yesterday we have witnessed several attempts by ETH to break the $300 resistance, but unfortunately, we were not able to keep it.
Can we head to the next support line?
From the chart, we are at the major support range from $270- $290. if the support holds, we might expect a reversal from here. In a worse case, we might see the lower $250 range.
If you are looking for margin trade opportunity, you might consider either to Short at $300 or to Long at $250 with very tight stop-loss. In this season, it is hard to predict anything, especially Bitcoin is having a continuous downtrend.
Trade safe, my friend.