ETH/USD fell from $196.60 to $187 over this Wednesday. MACD indicator shows that market momentum has returned to being bearish. Ethereum has ended up with a second bearish day in a row, wherein it fell from $196.60 to $187. The hourly breakdown of the price shows that the price plummeted from $196.60 to $180 within 12 hours. After that, the bulls picked up the price to $187 towards the end. ETH/USD daily chart The daily price chart has found resistance on the downward trending line and the 200-day simple moving average (SMA 200) curve. The moving average convergence/divergence (MACD) indicator shows that market momentum reversed from bearish to bullish this Tuesday before it went back to being bearish. The Elliot Oscillator interestingly shows three straight bullish sessions. The relative strength index (RSI) indicator has dipped to 36.36 and is trending next to the oversold zone. 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 WTI recovers to $56 as bulls cheer latest trade/political headlines FX Street 4 years ETH/USD fell from $196.60 to $187 over this Wednesday. MACD indicator shows that market momentum has returned to being bearish. Ethereum has ended up with a second bearish day in a row, wherein it fell from $196.60 to $187. The hourly breakdown of the price shows that the price plummeted from $196.60 to $180 within 12 hours. After that, the bulls picked up the price to $187 towards the end. ETH/USD daily chart The daily price chart has found resistance on the downward trending line and the 200-day simple moving average (SMA 200) curve. The moving average convergence/divergence (MACD)… 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.
