After a long period of low volatility and sideways movement quotes Ethereum declined sharply in the area of the 197.00. Currently, there is a small correction, but the downward trend is still observed, which is confirmed by technical indicators. Bollinger bands diverge, indicating the continuation of the downward movement. Volume the MACD is rising in negative zone. Stochastic is pointing down. Breakdown and fixing prices below the level 193.74 (Murray [-1/8]) will open the course Ethereum the way to the point 187.50 (Murray [-2/8]). If the bulls manage to bring the rate back above the level of 200.00 (Murray [0/8]), the correction may continue to the level 206.25 (Murray [1/8]).
Resistance levels: 200.00, 206.25, 212.50.
Support levels: 193.75, 187.50, 178.50.