Bitcoin led recovery propels Ethereum above $190 hurdle but momentum lost steam shy of $195. A retracement from the three-day high at $194.14 currently seeks balance at $190. The cryptocurrency market recovered slightly from the weekend lows. Leading the recovery was the largest cryptocurrency Bitcoin which breached $10,600 resistance. Ethereum also made it above the hurdle at $190. However, the momentum fizzled out under $195; the movement cut short by the descending trendline. A retracement from the three-day high at $194.14 currently seeks balance at $190. The immediate upside is capped by the 100 Simple Moving Average (SMA) while the 50 SMA is working hard to function an impenetrable wall at $189.24. From a technical perspective, Ethereum is settling in a ranging trend. Consolidation above $190 will help the buyers to focus on rising above the resistance at $200 and $205 respectively. The Relative Strength Index (RSI) is moving horizontally at 57.89 after the correction from levels around 70. A glance at the Moving Average Convergence Divergence suggests that the bulls have the upper hand and the ability to not only defend the $190 support but also push Ethereum above the short-term resistance at $195. ETH/USD 1-hour 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 retreats farther below mid-1.2200s ahead of US durable goods FX Street 4 years Bitcoin led recovery propels Ethereum above $190 hurdle but momentum lost steam shy of $195. A retracement from the three-day high at $194.14 currently seeks balance at $190. The cryptocurrency market recovered slightly from the weekend lows. Leading the recovery was the largest cryptocurrency Bitcoin which breached $10,600 resistance. Ethereum also made it above the hurdle at $190. However, the momentum fizzled out under $195; the movement cut short by the descending trendline. A retracement from the three-day high at $194.14 currently seeks balance at $190. The immediate upside is capped by the 100 Simple Moving Average (SMA) while the… 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.
