ETHEREUM - 7/14/2017 Price Update

Ethereum has failed to hold the $206 level as mentioned yesterday. The past 24 hours has now proven that this a source of resistance rather than support. The breakout above it two days ago was a failed one at that and has demonstrated that it is no longer support. The bear trend therefore continues.

Levels to watch the next 12-24 hours:

-$206: Resistance level. Could perhaps check this level again before moving down more.
-$193: Current Price
-$175: Major source of support. Last level battled over before the last big run up to $420.
-$165: Downwards channel bottom line
-$147: Potential support level. This was tested several times before the run up to $420.