ETHEREUM Forming Double Dop -- Potential $300 Test

Ethereum is rolling over and showing signs up giving up on a double top.

Indicators on the hourly show signs of bearish pressure as ETH failed to make a new high and shows signs of a double top. Technical indicators rolling over with RSI forming a lower high and heading lower and the MACD with a bearish crossover.

Bitcoin seems to be still chugging along though, so ETH is trying to ride it's tail and make a move forward.

Volume increased a majority of the day and now we are seeing signs of volume slowing down. Hopefully, ETH can consolidate at this level or inch higher like BTC.

Support right now is at $300 psychological and $296 tested.

I wouldn't get in at this point after the huge rally day we've had so far. It's likely a pullback is in store at some point, so there will be better buying opportunities here before too long.