CRYPTANALYSIS - HOUSE VIEW ON KEY ALTCOINS

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15.TECHNICAL ANALYSIS: ETHUSD (Published: 04th Jul, 2017)
The upper trend line is a consistent and strong resistance line for the price to move further upwards. MACD line is slightly above the signal line, indicating that the price still has a weak upward momentum. Hence, the price would likely to test the trendline again at $285 level, and then fall to the support of $250 level. A bearish trend is likely, but investors should look for confirmation signal when the price drops below $250 to enter a short trade.

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