ETH/USD stuck in a channel that won’t be easy on bulls. Medium term charts point to some gains and then battle. Second largest cryptocurrency by market capitalisation, Ethereum, has a tough time to regain its lost glory as the price of this crypto has been stuck in a lower high, lower low downward sloping trendline channel that won’t be a lose nut for bulls to crack. ETH/USD is down half a percent at $575.608, near the low point of the day, which is at $573.83. On the 240-minute chart, ETH is shackled in a downward sloping trenline channel and now faces resistance above round-figure mark of $600. Daily chart’s 50 percnet fibonacci retracement of recent rise from April lows, also co-incides with $620 mark where the bulls will have to try as hard as they can to come out of the trendline channel of 240-minute chart. ETH/USD 240-minute chart: ETH/USD daily 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 Bitcoin price analysis: BTC/USD sits where it hurts, but won’t break where it can’t get back up FX Street 5 years ETH/USD stuck in a channel that won't be easy on bulls. Medium term charts point to some gains and then battle. Second largest cryptocurrency by market capitalisation, Ethereum, has a tough time to regain its lost glory as the price of this crypto has been stuck in a lower high, lower low downward sloping trendline channel that won't be a lose nut for bulls to crack. ETH/USD is down half a percent at $575.608, near the low point of the day, which is at $573.83. On the 240-minute chart, ETH is shackled in a downward sloping trenline channel and now… 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.
