What is the next direction for Ethereum?

[Tubelight]

Ethereum is likely to fall as it faces rejection at the $2,840 high. Meanwhile, on June 4 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that ETH will fall to level 2.618 Fibonacci extension or level $2,073.98. From the price action, Ether is retracing from the previous high.

ETH
Disclaimer. This analysis and forecast are the author’s personal opinions and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their research before investing funds.more