Ethereum is trading 0.56% lower in a mixed Wednesday for cryptocurrencies. The hourly chart has produced a chart pattern that is being tested right now. ETH/USD 1-hour chart Ethereum has fallen once again on Wednesday but nothing compared to the massacre over the last few weeks. The pair has fallen around 11% year to date and over 59% from the yearly highs. Despite this, it seems the bears are still in control but only just as the market has started to consolidate just above the 100 level. On the chart below, there is quite a large triangle that has been formed on the 1-hour chart. The price is now moving toward the apex of the pattern but it has been noted that the volume has dropped off in a big way. The resistance level to beat is around 113.16 while the major support is at 90.00. Looking at the higher timeframe, the volume in March has been at its highest levels on the Coinbase exchange. It is hard to believe that the volume is at a higher level than the boom time in early 2018. Additional levels 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 DASH Price Analysis: DASH/USD surges by >20% and breaks past $50 psychological level FX Street 2 years Ethereum is trading 0.56% lower in a mixed Wednesday for cryptocurrencies. The hourly chart has produced a chart pattern that is being tested right now. ETH/USD 1-hour chart Ethereum has fallen once again on Wednesday but nothing compared to the massacre over the last few weeks. The pair has fallen around 11% year to date and over 59% from the yearly highs. Despite this, it seems the bears are still in control but only just as the market has started to consolidate just above the 100 level. On the chart below, there is quite a large triangle that has been formed… 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.
