THELOGICALINDIAN - Ethereum Price Key Highlights
Ethereum amount seems to be aiming for new lows, as added sellers hopped in on the recent breach from consolidation. Technical indicators are additionally suggesting that added losses are likely.
On the circadian blueprint of ethereum price, academic and RSI are still pointing down, which suggests that amount can accumulate branch south. Shorter-term time frames don’t appearance any signs of a accessible alteration from the latest slide, advertence that bearish drive is in play.
Bearish candlesticks accept been baby though, suggesting that bears are still afraid to accumulation on their abbreviate positions. A about-face college from the oscillators could draw some buyers in or activate a bit of profit-taking, possibly until the antecedent abutment about 0.00225BTC.
Steady declines could booty amount bottomward to the abutting above cerebral abutment at 0.00100BTC, abnormally if bitcoin enjoys added upside pressure. A beyond pullback could aftermost until 0.00250-0.00300BTC if the selloff proves to be apish alike in the longer-term chart.
Intraday abutment level – 0.00180BTC
Intraday attrition level – 0.00225BTC
Charts from TradingView
