ETH/USD failed to pass $158.00 barrier. Critical support is created by 61.8% Fibo retracement. Ethereum (ETH) has recovered from Thursday’s low registered at $148.23 to trade at $155.00 handle at the time of writing. However, despite some positive momentum and a bullish trend on the intraday charts, the coin is 5% lower from this time on Thursday. While the sell-off was triggered by Tether cover-up allegations, the further momentum into the end of the week will depend on whether the coin manages to regain ground above $160.00 handle. Ethereum’s technical picture ETH/USD is now trading at $155.47, above 61.8% Fibo retracement ($153.30). However, the recovery momentum seems to have petered out as the price stumbled into a selling interest located on approach to $158.00. The bulls have to push the price above psychological $160.00 strengthened by 50% Fibo retracement, $161.00 (midline of 1-hour Bollinger Band) to get a chance for an extended recovery with the ultimate aim at the congestion zone $166.30-50 that encompasses 38.2% Fibo retracement and the upper boundary of the previous consolidation channel. On the downside, a sustainable move under $153.30 will expose the recent low of $148.23. ETH/USD, the hourly 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 Coinsquare adds Stellar Lumens FX Street 4 years ETH/USD failed to pass $158.00 barrier. Critical support is created by 61.8% Fibo retracement. Ethereum (ETH) has recovered from Thursday's low registered at $148.23 to trade at $155.00 handle at the time of writing. However, despite some positive momentum and a bullish trend on the intraday charts, the coin is 5% lower from this time on Thursday. While the sell-off was triggered by Tether cover-up allegations, the further momentum into the end of the week will depend on whether the coin manages to regain ground above $160.00 handle. Ethereum's technical picture ETH/USD is now trading at $155.47, above 61.8% Fibo… 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.
