Ethereum is down more than 4% on a daily basis on Sunday. ETH/USD is still up modestly for the week. Daily RSI dropped below 50 with Sunday’s slump. Ethereum (ETH/USD) fluctuated in a relatively tight range on Saturday and came in under strong selling pressure on Sunday. As of writing, the ETH/USD pair was down 4.15% on a daily basis at $369.35. Ethereum technical outlook Earlier in the week, Ethereum staged a decisive rally but failed to climb above critical $400. The fact that sellers have been gaining traction sinde that move on Thursday suggests that the downward correction could extend to $350 (Fibonacci 23.6% retracement of early-September drop). If the pair breaks below that level and confirms it as a resistance, it could target the 100-day SMA near $325 next. On the upside, $375 (Fibonacci 38.2% retracement) aligns as the initial resistance ahead of $400 (psychological level/Fibonacci 50% retracement). Meanwhile, the RSI indicator on the daily chart dropped below 50, suggesting that there is more room on the downside before the next led up. Ethereum 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 Cryptocurrency market update: Major cryptos turn south toward the end of the week FX Street 2 years Ethereum is down more than 4% on a daily basis on Sunday. ETH/USD is still up modestly for the week. Daily RSI dropped below 50 with Sunday's slump. Ethereum (ETH/USD) fluctuated in a relatively tight range on Saturday and came in under strong selling pressure on Sunday. As of writing, the ETH/USD pair was down 4.15% on a daily basis at $369.35. Ethereum technical outlook Earlier in the week, Ethereum staged a decisive rally but failed to climb above critical $400. The fact that sellers have been gaining traction sinde that move on Thursday suggests that the downward correction could… 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.
