Ethereum is in a daily downtrend and has established a lower high at $232.80. Bulls still have a chance to create a daily equilibrium pattern by creating a higher low above $216.37. Ethereum is not doing much after setting a clear daily lower high and losing the 12-EMA at $228.98 and the 26-EMA at $229.64. As long as the bulls can’t climb above both EMAs, the trend will remain the same. ETH/USD daily chart Although buyers were not facing many resistance levels, the selling pressure was enough to make ETH fall below the daily EMAs, losing $230. ETH/USD 4-hour chart The 4-hour chart is surprisingly still in an uptrend because Ethereum didn’t drop below $222.93, the last low. Bulls set a higher low at $223.31 which is a continuation of the uptrend but they are getting rejected from the 12-EMA and the 26-EMA. The next resistance area for buyers is around $230 up to $233. 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 UK in talks to join EU’s coronavirus vaccine scheme – Financial Times FX Street 3 years Ethereum is in a daily downtrend and has established a lower high at $232.80. Bulls still have a chance to create a daily equilibrium pattern by creating a higher low above $216.37. Ethereum is not doing much after setting a clear daily lower high and losing the 12-EMA at $228.98 and the 26-EMA at $229.64. As long as the bulls can’t climb above both EMAs, the trend will remain the same. ETH/USD daily chart Although buyers were not facing many resistance levels, the selling pressure was enough to make ETH fall below the daily EMAs, losing $230. ETH/USD 4-hour chart… 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.
