Ethereum bears catch a breather around two-week low. Clear break below one-month-old horizontal area comprising 200-SMA joins downbeat momentum to favor bears. Downward sloping trend line from February 20 adds to the upside barriers. Ethereum portrays a corrective pullback from $1,657, to currently around $1,680, during early Tuesday. In doing so, the quote bounces off 50% Fibonacci retracement of the late February’s fall. However, the ETH/USD pair keeps the previous day’s break of the key support, now resistance, comprising 200-SMA and multiple levels marked from February 24. Other than the inability to cross the $1,715-25 resistance area, bearish signals from the momentum indicator also suggest no entry for the ETH/USD buyers. Though, sellers await a clear downside break of 50% Fibonacci retracement level, at $1,666, for fresh positions. Meanwhile, 61.8% Fibonacci retracement level and a four-week-long falling resistance line, respectively around $1,755 and $1,907, add to the upside filters beyond the $1,715-25 immediate hurdle. Overall, ETH/USD prepares for further declines towards the early month swing lows around $1,445. ETH/USD four-hour chart Trend: Bearish 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 Look for short USD versus CAD and NOK – Goldman Sachs FX Street 1 year Ethereum bears catch a breather around two-week low. Clear break below one-month-old horizontal area comprising 200-SMA joins downbeat momentum to favor bears. Downward sloping trend line from February 20 adds to the upside barriers. Ethereum portrays a corrective pullback from $1,657, to currently around $1,680, during early Tuesday. In doing so, the quote bounces off 50% Fibonacci retracement of the late February's fall. However, the ETH/USD pair keeps the previous day's break of the key support, now resistance, comprising 200-SMA and multiple levels marked from February 24. Other than the inability to cross the $1,715-25 resistance area, bearish signals from… 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.