You can see ETH has been trending down a solid 48 hours. Its taking a while to go down, but on the hour chart, you can see its obviously going down consistently.
The 6 hour chart, you can see the best support was at the $232 mark on June 27th, just after the first crash.
Im betting ETH is headed for the strongest resistance at $232, if it goes below $232, the strongest support was at $87.
IF...it goes to $87, one has to question how valid ETH is at all after reaching $413.
ETH and BTC are so incredibly volatile. If you're looking to invest in something where you want to retain your investment, LTC is it. When ETH and BTC are swinging $50 here $100 there, LTC is swinging 30-50 cents. Thats pretty consistent.
