BITFINEX:ETHUSD Ethereum / U.S. Dollar
ETHUSD: The contract is into dominant down trend. The is taking resistance at the bear market extreme with a NR formation. 196.50 is a strong level. The contract needs to register a close above it to establish a trend change (as a is noticed). However any failure to move above 196.50 will lead to resumption of the trend down again. The probable southward targets are 152, 140 & 134.