ETH/USD is virtually unchanged on a daily basis. Further downside may be limited by tech levels clustered on approach to $400. ETH/USD is trading at $418 at the time of writing, virtually unchanged on a daily basis. The second largest coin with a market value registered at $42.7B has an average daily trading volume settled at $1.8B. The price has recovered from Wednesday’s low at $407; however, the upside momentum is limited. The coin has been sliding for six days, effectively capped by 50-DMA (currently at $465). A sustainable movement below $460 (78.6% Fibo retracement level increased the downside pressure and put $400 in focus. However, a confluence of strong technical levels, located on the approach to this handle, may tame the bearish temper and trigger and upside recovery. Once below $400, there is nothing much in terms of support levels until $353 (2018 low). On the upside, the chances to get back above $460 any time soon are slim. Lots of technically important levels clustered on approach to $460 are likely to stop the recovery and lock ETH/USD in a narrow range for a period of consolidation. ETH/USD, the 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 GBP/USD Technical Analysis: Sterling sticking to 1.31 ahead of BoE rate hike FX Street 5 years ETH/USD is virtually unchanged on a daily basis. Further downside may be limited by tech levels clustered on approach to $400. ETH/USD is trading at $418 at the time of writing, virtually unchanged on a daily basis. The second largest coin with a market value registered at $42.7B has an average daily trading volume settled at $1.8B. The price has recovered from Wednesday's low at $407; however, the upside momentum is limited. The coin has been sliding for six days, effectively capped by 50-DMA (currently at $465). A sustainable movement below $460 (78.6% Fibo retracement level increased the downside pressure… 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.
