ETH/USD is trending in a downward channel formation. The Elliott Oscillator has had six straight bearish sessions. ETH/USD keeps trending in a downward channel formation, after charting two straight bearish days in a row. This Friday, ETH/USD fell from $177.55 to $173.25 and it has dropped further to $172. The hourly price chart shows us that ETH/USD fell from $177.55 to $170, where it found short-term support and bounced up. The bulls managed to push ETH/USD up to $174.75, where it found intraday resistance. Since then, the price managed to correct itself around $173.25. ETH/USD daily chart The price is trending below the 20-day, 50-day and 200-day Simple Moving Average (SMA 20, SMA 50 and SMA 200) curves. The 20-day Bollinger jaw has narrowed, indicating decreasing market volatility. The Moving Average Convergence/Divergence (MACD) indicator shows bearish market momentum, while the Elliott Oscillator has had six straight bearish sessions. 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 Poloniex and Circle part ways FX Street 3 years ETH/USD is trending in a downward channel formation. The Elliott Oscillator has had six straight bearish sessions. ETH/USD keeps trending in a downward channel formation, after charting two straight bearish days in a row. This Friday, ETH/USD fell from $177.55 to $173.25 and it has dropped further to $172. The hourly price chart shows us that ETH/USD fell from $177.55 to $170, where it found short-term support and bounced up. The bulls managed to push ETH/USD up to $174.75, where it found intraday resistance. Since then, the price managed to correct itself around $173.25. ETH/USD daily chart The price is… 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.
