ETH/USD is trading between the moving average support and resistance. Ethereum price is trading a bullish flag pattern that is likely to culminate in a breakout. Ethereum price is trading between the support and resistance created by the Simple Moving Averages. The 50 SMA is limiting intraday gains marginally above $450 while the 100 SMA, on the other hand, is offering immediate support at $447. The digital asset declined to test a 10-week low close to $400, but the bulls entered at the demand zone slightly above $420. The price has recovered slightly from the pits, but the upside has been limited below $460. ETH/USD is trading a bullish flag pattern that is likely to culminate in a breakout. However, the crypto is holding tight to the immediate support at $450. The trend is slightly bearish but the buyers are fighting to avoid further declines in addition to breaking above the immediate resistance at $455 and $460 respectively. The MACD momentum indicator is also sending bearish signals in the short-term. As mentioned above, the 100 SMA will hold the price in the event the support at $450 gives in. Similarly, a stronger support is observed at $440. If the price falls below this level, Ethereum price will be back to the pits above $400 and the demand zone at $420. ETH/USD 15′ 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 EUR/USD Technical Analysis: survives a test of resistance turned support FX Street 5 years ETH/USD is trading between the moving average support and resistance. Ethereum price is trading a bullish flag pattern that is likely to culminate in a breakout. Ethereum price is trading between the support and resistance created by the Simple Moving Averages. The 50 SMA is limiting intraday gains marginally above $450 while the 100 SMA, on the other hand, is offering immediate support at $447. The digital asset declined to test a 10-week low close to $400, but the bulls entered at the demand zone slightly above $420. The price has recovered slightly from the pits, but the upside has… 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.
