Ethereum dives below several key support levels including $170, $150 and 4140. The trendline resistance must come if Ethereum bulls want to push the price above $170. Ethereum reacted in tandem with Bitcoin and other cryptocurrencies on Friday. The pressure on key support areas stayed intact over the weekend. There was an attempted recovery following a low formed at $138. However, the descending trendline resistance was unbreakable leaving $155 untested and unconquered. The price continues to thin below the trendline even as volatility levels remain high. The prevailing trend is also bearish, although Ethereum bulls are trying to hold onto to the 0.48% upward correction. The crypto market is mixed red and green but there is a high chance that the mantle will remain in the bears’ hands. Ether is trading below the moving averages whereby the 50 SMA is standing in the way of recovery at $141.73 and the 100 SMA at 155. The RSI is making an attempt to rise above the oversold. Besides, Ethereum is bouncing off the Bollinger Band 1-hour upper curve. If the RSI manages to leave the oversold and sustain recovery towards 50, Ethereum bulls would easily reverse action from Friday pushing the price above $170. 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 PBOC sets Yuan reference rate at 7.0397 FX Street 3 years Ethereum dives below several key support levels including $170, $150 and 4140. The trendline resistance must come if Ethereum bulls want to push the price above $170. Ethereum reacted in tandem with Bitcoin and other cryptocurrencies on Friday. The pressure on key support areas stayed intact over the weekend. There was an attempted recovery following a low formed at $138. However, the descending trendline resistance was unbreakable leaving $155 untested and unconquered. The price continues to thin below the trendline even as volatility levels remain high. The prevailing trend is also bearish, although Ethereum bulls are trying to hold onto… 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.
