Ethereum Price Crash! What Happened? - ETH Technical Analysis

Ethereum Price Crash! What Happened? – ETH Technical Analysis

It seems there’s a confluence of indicators in the 160-170. That zone contains prior highs from Jan and Feb and the late August low. The 160-170 area is also the location of a diagonal Fib speed resistance line. If ETH can’t hold up here, then it may be a repeat of July. In that case, ETHUSD broke above the Fib speed line and then failed. Once ETHUSD came back down below that line, a big move lower started four days later.

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