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  • ETH/USD recovery stopped short at $140.00.
  • The trend remains positive as long as the price stays above DMA50.

Several unsuccessful attempts at $140.00 naturally distressed ETH bulls. The second largest coin retraced from the intraday high of $14.27 to trade at $137.74 by the time of writing. The above-said barrier proved to be too strong for the bulls, which caused the retreat.

On the intraday charts, the support is created around $137.00 handle with SMA50 (1-hour) and the lower line of 1-hour Bollinger Band located on the approach to this area. If it is cleared, the downside may be extended towards $135.00 (SMA200, 1-hour, SMA50 4-hour) and $133.50 (SMA100, 1-hour).  

Also, a critical support comes at $128.26 (SMA200 4-hour) and $124.50 (DMA50).

ETH/USD, 1D chart