ETH/USD is under pressure despite recovery from the recent lows. The short-term downside should stop at $130.00. ETH/USD recovered from a shot-lived dip below $132.00 to trade at $133.62 at the time of writing. The second largest coin with the current market value of $14.2B has lost about 1.7% from this time on Monday, trading in line with the rest of the market. Tron’s Justin Sun and Ethereum’s Vitalik Buterin has been engaged in a heated argument lately. Notoriously outrageous Sun promised to erect a monument in memory of Ethereum when the project sinks into oblivion. Meanwhile, Buterin replied that he would lose the faith in humanity if Torn overtakes Ethereum. Ethereum’s technical picture From the short-term point of view, ETH/USD needs to move above psychological $135.00 and $135.50 (SMA50, 1-hour). A sustainable move higher will open the way towards congestion zone $136.40-$136.70 that includes SMA100 on 1-hour and 4-hour charts. Psychological $137.00 is followed by $137.50 (SMA200) and $138.00. On the downside, watch out for $132.00 and $131.52 (Monday’s low). The next critical barrier is created by $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 GBP/JPY Technical Analysis: Bearish continuation pattern spotted on hourly charts FX Street 4 years ETH/USD is under pressure despite recovery from the recent lows. The short-term downside should stop at $130.00. ETH/USD recovered from a shot-lived dip below $132.00 to trade at $133.62 at the time of writing. The second largest coin with the current market value of $14.2B has lost about 1.7% from this time on Monday, trading in line with the rest of the market. Tron's Justin Sun and Ethereum's Vitalik Buterin has been engaged in a heated argument lately. Notoriously outrageous Sun promised to erect a monument in memory of Ethereum when the project sinks into oblivion. Meanwhile, Buterin… 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.
