Ethereum Continues To Be Under Pressure

Ethereum continues to be struggling to find a foothold within the strong longer-term downtrend which took us close to projected T/P $655 (actual 650.00). As the coin is rebounding a new entry Sell signal is at $487.00, Stop at $640.00 and T/P at $217.00. With the key support at $285.00. The medium to long-term Sell signal is visibly in position, as the coin continues to be comparatively weak in comparison to Bitcoin, in spite of the significantly oversold long-term picture.