Ethereum price is sliding down in sync with the market. Recovery above $180 is needed to mitigate initial bearish pressure. ETH/USD is range-bound with bearish bias during Friday trading. The second-largest digital coin with the current market value of $18.8 billion has lost about 2.2% on a day-on-day basis and since the beginning of the day. At the time of writing, ETH/USD is changing hands at $174.55 with no clear short-term direction. Ethereum’s technical picture Ethereum’s fall to its current value of $172 comes after the cryptocurrency again failed to break upwards through $180 earlier today. This is the second time that this resistance level has held back the price, following a [failed](https://decrypt.co/9870/ethereum-fails-to-break-180-mark) first attempt at the start of October. The cryptocurrency is also 30% down from its September 19 high of $225. Ethereum’s failure to stay above $180.00 attracted new sellers to the market and pushed the price below $172.00 during early Asian hours. While the coin managed to regain some ground, the overall sentiments remain bearish as long as the price stays below the mentioned barrier. Once it is out of the way, the upside is likely to gain traction with the next focus on $185.00 ( SMA50 (Simple Moving Average) on a daily chart) and $190.00 strengthened by the middle line the Bollinger Band on a daily chart. On the downside, a sustainable move below $170.00 will trigger more sell-offs with the next target at $164.45 (the lowest level of the week). Once it is broken, psychological $160.00 will come into view, followed by the previous week’s low at $152.50. ETH/USD, one-day chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/CAD consolidates in a range below 1-month tops, focus remains on NFP FX Street 3 years Ethereum price is sliding down in sync with the market. Recovery above $180 is needed to mitigate initial bearish pressure. ETH/USD is range-bound with bearish bias during Friday trading. The second-largest digital coin with the current market value of $18.8 billion has lost about 2.2% on a day-on-day basis and since the beginning of the day. At the time of writing, ETH/USD is changing hands at $174.55 with no clear short-term direction. Ethereum's technical picture Ethereum's fall to its current value of $172 comes after the cryptocurrency again failed to break upwards through $180 earlier today. This is the second… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.