(July 31 2018)Ethereum edging lower

ETH(ethereum)

=>>Support 支撑& Resistance (压力)<<=========

[S-strong(强)|M-middle（中）|W-weak（弱）]

S1	450.63	W	|	R3	650.53	S
S2	400.12	M	|	R2	570.72	M
S3	350.94	S	|	R1	515.24	W

Tend:

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=>>Market Forecasts(市场展望)<<===================

NEWS:Expect further declines in the price of cryptocurrencies, says Goldman Sachs.--YAHOO FINANCE.

.Ethereum has moved sideways at near $450 for more than one month.As the cryptocurrency market sentiment is still weak ,ETH price may declines in the further days to find the next strong support.Although the slips momentum didn't strong yesterday,but it may open the new decline channel.
The technical structure short-term slips.
Expect to recovery rise.
Weak support lies at $450.
Weak resistance locats at $515.
Strong support is given at $350.
Strong resistance remains at $650.

As long-term opinion

. Ethereum will up-tend as long-term,the amplitude may not strong as before but will more steady.There is looklike that the currency could sideways trading between $330 - $1'100 in 2018.

市场要闻：高盛预期加密货币价格将进一步下跌。---雅虎金融
Ethunm已经在450美元附近横向移动近一个月。由于加密货币市场情绪仍然疲软，ETH价格在未来几天可能会下跌，以寻找下一个强有力的支撑。虽然昨日的下滑势头并不强劲，但它可能开启新的下跌通道。。
技术上看短期振荡下行。
第一支撑位在$450。
第一压力位在$515。
强支撑位在$350。
强压力位在$650。
长期来看，以太坊将呈振荡上升态势，波幅预计没以前剧烈，但会更加稳定。2018年可能在$330 - $1'100之间振荡运行。

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