Ethereum (ETH/USD) Technical Analysis (May 16, 2018)

Even though Ethereum is trading at 50 percent of its ATHs, chances are it might retrace in the coming days. In the last 24 hours for example, it is down three percent after failing to surge past $900 earlier this month. Now, because we have these lower lows, taking shorts might be a good trading strategy that flows well with the current trend.
From the News
Remember Nigel Green, the Founder of deVere Group? Well, he projected that Ethereum might close at $2,500 a piece by the end of the year. Th