Ethereum piece is struggling to stay above the 38.2% Fib even as the bears tighten their grip. Reversal is in the offing as signaled by the Elliot Wave Oscillator. Ethereum bulls joined the weekend tur of war tussle with the bears. Their efforts were rewarded by a significant recovery from $177 of Friday to levs within a whisker of $187. The push towards $190 lost strength on testing the barrier provided by the 61.8% Fib retracement level taken from the last swing high at $191.89 to a swing low of $177.16. The second-largest crypto has, however, started the new week on a negative strum exploring the levels towards $182. The 50 SMA on the 1-hour chart failed to hold along with the 100 SMA. Possible support has been spotted at $182 above the key support area at $180. The Relative Strength Index (RSI) is heading towards the oversold after piercing through 50 (the average). Elliot Wave Oscillator bearish session has spilled into the new week. However, this suggests that a reversal is around the corner. ETH/USD 4-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 USD/JPY Technical Analysis: Buyers look for entry beyond 1-week-old resistance trendline FX Street 3 years Ethereum piece is struggling to stay above the 38.2% Fib even as the bears tighten their grip. Reversal is in the offing as signaled by the Elliot Wave Oscillator. Ethereum bulls joined the weekend tur of war tussle with the bears. Their efforts were rewarded by a significant recovery from $177 of Friday to levs within a whisker of $187. The push towards $190 lost strength on testing the barrier provided by the 61.8% Fib retracement level taken from the last swing high at $191.89 to a swing low of $177.16. The second-largest crypto has, however, started the new week… 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.
