By having a look at the daily studies of Etherum, we will be able to identify a quick fall from the critical resistance of 1680.
The rejection at these territories in addition to the candlesticks’ formation force us to stay aside until bulls show the ability to resume the recent bull run started at 1070 areas.
SMA50 -currently valued at 1440-is still protecting the bullish recovery from the afore-mentioned medium-term support, henceforth, we will be waiting until the price touches SMA 50 or to break above 1680 in order to long Etherum and between these two levels, we need to stay aside!