Home Ethereum Price Analysis: ETH/USD bears take price below the SMA 50
Crypto News

Ethereum Price Analysis: ETH/USD bears take price below the SMA 50

  • ETH/USD bears have managed to stay in control for the second straight day.
  • The MACD shows that market momentum has been consistently bearish.

ETH/USD daily chart

ETH/USD daily chart

ETH/USD bears stayed in control for the second straight day as the price fell from $226.50 to $226.30 this Friday. In the process, ETH/USD has managed to drop below the SMA 50 curve. The MACD shows that the overall market momentum has been consistently bearish.

Support and Resistance

ETH/USD faces strong resistance levels at $227 (SMA 50), $230.75 (SMA 20), $238 and $247.70. On the downside, healthy support lies at $230.35 and $214.25

Key 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.