Ethereum market technical outlook
Analysis method - “Trend Potential”
We note active trending state of ADX indicator, that tells about high probability of ethereum’s drop to the region of lower Bollinger band (73.86).
Domination of the bearish trend can be seen as well - aggressive ADX on background of Bollinger bands expansion.
Strong local support at the area of lower Bollinger band (94.19) can get under strong pressure, since all three time-frames have trending state of ADX indicator.
Decline towards 73.86.
Shorts towards 73.86.