Home Ethereum Technical Analysis: ETH/USD bears take control after price fails at the $245-level
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Ethereum Technical Analysis: ETH/USD bears take control after price fails at the $245-level

FX Street
Updated:
  • ETH/USD bears remained in control for the second straight day.
  • The MACD shows decreasing bullish market momentum.
  • William’s %R has dropped below the overbought zone.

ETH/USD daily chart

ETH/USD daily chart

ETH/USD bears remained in control as the price fell from $243.25 to $240.60. The price is currently consolidating in a pennant formation. The MACD shows decreasing bullish momentum. William’s %R dropped below the overbought zone following bearish price action.

Support and Resistance

ETH/USD faces two strong resistance levels on the upside at $244.25 and $248.68. On the downside, the price has four healthy support levels at $233, SMA 20, $215.50 and SMA 50.

Key levels

 

FX Street

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