ETH/USD slips lower after a failed attempt at local resistance. The short-term downside correction should stop at $130.00. ETH/USD attempted to move above $137.00 during early Asian hours, but the upside proved to be unsustainable so far. ETH/USD is changing hands at $136.50 at the time of writing, little changed both on a day-to-day basis and since the beginning of Monday. While the short-term volatility is growing, the momentum is still too weak to push ETH out of the range. From the short-term point of view, we need a sustainable move above $137.00 to clear the way towards $138.30 resistance created by a confluence of SMA50 and SMA200 on 4-hour char. The next resistance is seen at $140.0. This level serves as an upper barrier of the recent range and separates ETH from an extended recovery towards $146.00, followed by the recent high at $146.13. Once this barrier is cleared, $150.00 will come into focus. On the downside, watch out for $135.38 (Sunday’s low). This support is followed by psychological $135.00. The next critical barrier comes as low as $133.50 (March 21 low) and $130.00 with DMA50 located right below this handle. ETH/USD, 1-hour 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 EU’s Moscovici: “I still believe we can avoid a no deal Brexit” FX Street 4 years ETH/USD slips lower after a failed attempt at local resistance. The short-term downside correction should stop at $130.00. ETH/USD attempted to move above $137.00 during early Asian hours, but the upside proved to be unsustainable so far. ETH/USD is changing hands at $136.50 at the time of writing, little changed both on a day-to-day basis and since the beginning of Monday. While the short-term volatility is growing, the momentum is still too weak to push ETH out of the range. From the short-term point of view, we need a sustainable move above $137.00 to clear the way towards $138.30… 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.
