Ethereum, ETHUSD, Technical Analysis, Oct/21/2017, Short Term Bearish

Chart is captured from Tradingview using Bitfinex as it has the largest market share at the moment.

The recent breakout of ETHUSD is rejected at above $350.00 and we see a wave of profit taking & stop loss. It is now consolidating at $290.00-$300.00.

If this range shows support, there is still chance for the uptrend to continue. The first uptrend target is around $380.00

However, I believe that the chance for the price to go down is higher.. We may see quick drop to $350.00 if traders give up Ethereum at $290.00.

$150.00-$190.00 is also possible if there is a panic sell..

AND, if you take a look at this log chart:

The panic sell may not happen but more attention is definitely needed!