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Ethereum technical analysis: ETH/USD bear trapped below broken support range

FX Street
Updated:
  • Ethereum defended the support at $170 before a shallow recovery pulled the price above $180.
  • ETH/USD must reclaim position in the broken support range between $190 – $200.

Spot rate: $183.96

Relative Change: -4.18213

Open: $188.22

High: $188.26

Low: $178.41

Trend: Bearish

ETH/USD 4-hour chart

  • Ethereum struggled to secure $180 support in full force amid a weak bullish momentum.

ETH/USD 1-hour chart

  • ETH/USD hits oversold levels but a correction above the trendline resistance to pave way for recovery above $200.

 

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