ETH bears engineered a recovery from the intraday lows The downside momentum remains strong at this stage. Ethereum, the second-largest digital asset with the current market value of $14.7 billion, has recovered from the recent low of $132.48, though it is still 10% lower from this time on Sunday. At the time of writing, ETH/USD is changing hands at $135.93. Ethereum’s technical picture On the daily charts, ETH/USD needs to recover above psychological $140.00 to mitigate the initial bearish pressure and get the chance for further upside towards the middle line of 1-hour Bollinger Band at $141.23 and SMA50 (Simple Moving Average) $147.26. This area roughly coincides with the lower boundary of the weekend consolidation range and creates a strong barrier that may slow down the upside moments. Once it is out of the way, the upside is likely to gain traction with the next focus on psychological $150.00 On the downside, keep an eye the Sian low of $132.48 as it separates us from a deeper decline towards $130.00. Once below, ETH/USD will enter an uncharted territory as the coin traded below $130.00 only in March 2019. 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 German IFO Business Climate Index rises to 95.0 in November, EUR/USD unmoved FX Street 3 years ETH bears engineered a recovery from the intraday lows The downside momentum remains strong at this stage. Ethereum, the second-largest digital asset with the current market value of $14.7 billion, has recovered from the recent low of $132.48, though it is still 10% lower from this time on Sunday. At the time of writing, ETH/USD is changing hands at $135.93. Ethereum's technical picture On the daily charts, ETH/USD needs to recover above psychological $140.00 to mitigate the initial bearish pressure and get the chance for further upside towards the middle line of 1-hour Bollinger Band at $141.23 and… 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.
