The Moving Average Convergence/Divergence (MACD) indicates sustained bearish momentum. The Elliott Oscillator is back to being in the green after one bearish session. ETH/USD is on course of charting three bearish days in a row. This Tuesday, ETH/USD had dropped from $174.62 to $171.55 and has gone down further to $171.20 so far this Wednesday. The market has struggled to break above the downward trending line. Along with that, the 20-day Simple Moving Average (SMA 20) and SMA 50 curves act as immediate market resistance. The hourly chart shows us that the price went up to $175.30 before it dropped to $171.20. ETH/USD daily chart The 20-day Bollinger jaw has constricted, indicating decreasing market volatility. The Moving Average Convergence/Divergence (MACD) indicates sustained selling momentum. Following this Tuesday’s bearish session, the Elliott Oscillator went back to being in the green. 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 Cash Price Analysis: BCH/USD slides under $230 forming a falling wedge pattern FX Street 3 years The Moving Average Convergence/Divergence (MACD) indicates sustained bearish momentum. The Elliott Oscillator is back to being in the green after one bearish session. ETH/USD is on course of charting three bearish days in a row. This Tuesday, ETH/USD had dropped from $174.62 to $171.55 and has gone down further to $171.20 so far this Wednesday. The market has struggled to break above the downward trending line. Along with that, the 20-day Simple Moving Average (SMA 20) and SMA 50 curves act as immediate market resistance. The hourly chart shows us that the price went up to $175.30 before it dropped… 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.
