ETH/USD, Daily Chart Analysis 6/13
Implications and Outlook
1. The rebound momentum of Ethereum coin has ended on June 3, and created Key Resistance of $618, while latest Mean Resistance resides at $530.
2. Price action has revisited the interim Mean Support $509 as specified on May 31, chart analysis and has created the value of the inner Coin Dip of $434, while Key Support $370 lays below.
3. The violation of the inner-term Coin Dip $434 will undoubtedly bring serious of the intermediate-term bearish implications targeting outer Coin Dip $340.
4. Current Coin Strategy Bias: Bearish 80 / Bullish 20