ETH/USD is currently trading at $413 after a significant drop from its 2020-high. Ethereum bulls defended the daily 12-EMA at $411. Ethereum is obviously a bit weaker but defended the crucial support level at $400 and has bounced back up above the daily 12-EMA. ETH/USD daily chart The daily chart is still in an uptrend as anything above $363 is still considered a higher low, however, Ethereum’s momentum seems to be shifting in favor of the bears in the short-term. ETH/USD 4-hour chart The 4-hour chart is now in a downtrend after losing both EMAs which have crossed bearishly. Bulls are now looking at $420 as the next resistance level. 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 AUD/USD retreats from 2020 peaks near 0.7280 FX Street 2 years ETH/USD is currently trading at $413 after a significant drop from its 2020-high. Ethereum bulls defended the daily 12-EMA at $411. Ethereum is obviously a bit weaker but defended the crucial support level at $400 and has bounced back up above the daily 12-EMA. ETH/USD daily chart The daily chart is still in an uptrend as anything above $363 is still considered a higher low, however, Ethereum’s momentum seems to be shifting in favor of the bears in the short-term. ETH/USD 4-hour chart The 4-hour chart is now in a downtrend after losing both EMAs which have crossed bearishly. Bulls… 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.
