THELOGICALINDIAN - Ethereum amount assemblage aloft 150 seems to be affected against the US Dollar agnate to bitcoin ETH amount is aback beneath 150 and it could abide to move down
Ethereum Price Analysis
Recently, Ethereum started a able advancement move aloft the $148 and $150 attrition levels adjoin the US Dollar. Moreover, ETH amount acicular aloft the $152 attrition and the 100 alternate simple affective average.
However, the amount bootless to absorb the bullish drive and topped abreast the $153 level. As a result, there was a beginning abatement beneath $150 and the amount akin best its gains.
Besides, the amount is trading beneath the 50% Fib retracement akin of the contempo assemblage from the $144 beat low to $153 high. More importantly, Ethereum is aback beneath the $148 akin and the 100 alternate simple affective average.
At the moment, the amount is crumbling beneath the 76.4% Fib retracement akin of the contempo assemblage from the $144 beat low to $153 high. An actual abutment is abreast the $145 and $144 levels.
Additionally, there is a abbreviate appellation bullish trend band basic with abutment abreast $145 on the alternate blueprint of ETH/USD. If there is a downside breach beneath the $145 and $144 abutment levels, the amount could alike barter beneath the $142 level.
The abutting above abutment is abreast the $140 level, beneath which it may conceivably analysis $135. On the upside, an antecedent attrition is abreast the $146 level, followed by $148.
The capital resistances are still abreast the $150 and $152 levels. A acknowledged abutting aloft the $152 akin is bare for the beasts to booty control. In the mentioned case, the amount is acceptable to advance college appear the $158 and $160 attrition levels.
Looking at the chart, Ethereum amount is aback in a bearish area and the contempo assemblage aloft $150 angry out to be a absolute disaster. If the amount continues to move down, there are affairs of a downside breach beneath the $140 level.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is now aback in the bearish zone, with abrogating signs.
Hourly RSI – The RSI for ETH/USD is aback beneath the 50 level, with a bearish angle.
Major Support Level – $142
Major Resistance Level – $150
