ETH/USD is trading for $166.60 as markets opened this Thursday. Technical analysis shows increasing bearish momentum. ETH/USD has had a bullish opening this Thursday as the price went up slightly from $166 to $166.60. ETH/USD had a bearish breakout this Wednesday, as the bulls failed at the $170 mark and price shot down from $170 to $166. In the process, the market crept below the SMA 20 curve. The closest resistance level liest at $170, while the nearest support level is at $165. ETH/USD Daily Chart The market is trending above the SMA 200 and SMA 50 curves while it is below the SMA 20 curve. The market had a bearish breakout from the triangle formation. Four out of the last five sessions in the Elliot wave oscillator are bearish. The signal line is diverging away from the MACD line showing increasing bearish momentum. The relative strength index (RSI) indicator is trending in the neutral 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 Brent Oil Technical Analysis: Double top with bearish RSI divergence on 4H FX Street 4 years ETH/USD is trading for $166.60 as markets opened this Thursday. Technical analysis shows increasing bearish momentum. ETH/USD has had a bullish opening this Thursday as the price went up slightly from $166 to $166.60. ETH/USD had a bearish breakout this Wednesday, as the bulls failed at the $170 mark and price shot down from $170 to $166. In the process, the market crept below the SMA 20 curve. The closest resistance level liest at $170, while the nearest support level is at $165. ETH/USD Daily Chart The market is trending above the SMA 200 and SMA 50 curves while it… 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.
