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Ethereum at the brink of the cliff.

Short
Ethereum (KRAKEN:ETHUSD)  
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KRAKEN:ETHUSD   Ethereum
Trend Analysis Support and Resistance Supply and Demand supply_and_demand breakout sellingpressure supportandresistancezones Demand Zone
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trendanalysis supportandresistance supplyanddemand supply_and_demand breakout sellingpressure supportandresistancezones demandzone
After selling pressure above $1250 ETH is testing a very important – but not strong - support level at $1105.

A monthly close below this level could be really a disaster for Ethereum, as it will trigger a 40-60% fall.

Except some local stops there is nothing strong to support the price.

Be Careful with leveraged longs!

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