Ethereum bears put intense pressure on support areas on Friday as focus shifts to $170. The most viable support area is the region above $168. Ethereum bears are making a quick return to $170 after the bullish action staged on Thursday failed to successfully target $180 resistance level. It is likely that the crypto market will usher in the weekend sessions in losses. As for Ethereum, the price is teetering at $173.73 amid a strengthening bearish momentum. The Relative Strength Index (RSI) dive into the oversold emphasizes the sellers’ grip. However, traders need to be on the lookout for oversold levels likely to force a reversal in the short-term. Limiting upward movement is the 50 Simple Moving Average (SMA) on the one-hour chart currently at $175.91, the broken trendline support and the 100 SMA slightly under $180. On the downside, tentative support is $172. Extended declines will likely find cushioning a $170. Moreover, the region above $168 must be considered as viable support in the event $170 levels caves in. ETH/USD one-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 Bitcoin (BTC) bulls surrender $8,000, move towards $7,800 FX Street 3 years Ethereum bears put intense pressure on support areas on Friday as focus shifts to $170. The most viable support area is the region above $168. Ethereum bears are making a quick return to $170 after the bullish action staged on Thursday failed to successfully target $180 resistance level. It is likely that the crypto market will usher in the weekend sessions in losses. As for Ethereum, the price is teetering at $173.73 amid a strengthening bearish momentum. The Relative Strength Index (RSI) dive into the oversold emphasizes the sellers' grip. However, traders need to be on the lookout for oversold… 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.
