Mid-day update for Ethereum price 29-01-2018

The price of the Ethereum is now showing a downward slope to move below 1204.28, which might force the test to test the pivot support floor 1068.17 before resuming the rally again.

The ascending channel is still organizing the expected bullish wave for the coming period, targeting 1424.30 areas as the next major stop, noting that a break of 1068.17 will halt the expected rally and press the price to return to the downside correction.

The trading range for today is among the key support at 1150.00 and resistance at 1300.00

The general trend for today is bullish