ETH/USD
we expected the support zone between the trendline and $940 to hold on jan 17 ethereum broke below the trendline and fell to a low of $770
the bulls bought the dip aggresslevly which has resulted in a pullback that carried the cryptocurrency towards the 50 percent fibonacci retracement levels of the recent fall $1424 to $770
for the past three days the ETH/USD pair has been struggling to cross above $1097 if the price break out of the $1100 levels we expect a move to $1174.36 and $1248.28 levels as the stop loss is $930 which doesn't offer a good risk to reward ratio we are not suggesting any trade on it
