Home ETH/USD technical analysis: Ethereum bleeds below $200 as US senate frowns at Facebook’Libra
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ETH/USD technical analysis: Ethereum bleeds below $200 as US senate frowns at Facebook’Libra

FX Street
Updated:
  • The cryto market is bleeding as Facebook’s libra may face legal issues.  
  • ETH is under strong selling pressure now below the $200 mark

Breaking: Bitcoin tumbles under $10,000 as U.S. Senate mulls Facebook’s Libra

ETH/USD daily chart

The July’s selloff keeps going as the market trades below the $200 mark and the 50 and 100 SMAs. Cryptocurrencies are dropping on the back of potential legal and privacy issues with Facebook’s Libra.  

ETH/USD 4-hour chart

The market is seen as weak below 220 resistance and its main SMAs. The level to beat for bears is 180 followed by 120 on the way down.

Additional key levels

 

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