ETH Ethereum: Sliced past cloud chart support, ETH in trouble!

ETH Ethereum: Sliced past cloud chart support, ETH in trouble! After a great little rebound from cloud support at 3600 zones, it then rand into trouble at the top end front cloud chart resistance zones of 4082! Outlook changed to bearish as soon as ETH sliced past the bottom end cloud chart support zone. The downside targets were the old cloud chart support levels of 3150, and then ETH rebounded from that level. Price action below the cloud is bearish on a 4hour basis, but taking swing trades from key support rebounds, with the bottom end cloud chart as the upside resistance targets now.

Looking at the ETH daily cloud chart, ETH managed to rebound from the standard line/base line of the cloud. So far so good. As long as it stayes above this 3244 support zone this rally should be ok.

There is downside risk towards the top end of the cloud! A key risk to keep in mind!