ETH/USD has followed Bitcoin after its failure to defend a crucial resistance level at $12,000. Ethereum is still ahead of other cryptos and it’s under a healthy consolidation period. Ethereum is currently trading at $422 after a slight pullback from $433 following Bitcoin’s pullback below $12,000. There are no red flags just yet for Ethereum bulls and the daily uptrend is still intact. ETH/USD daily chart The last support level for Ethereum is all the way down at $365. That level is the low of the daily uptrend, a failure to hold it, would mean a daily downtrend. There are other support levels for Ethereum however. Of course, $400 is a psychological support level, before that Ethereum buyers have the 12-EMA at $410 and the 26-EMA at $376. The RSI has cooled off slightly and the MACD crossed bearishly. The trading volume of Ethereum is declining but no bearish move has gotten any sort of continuation. 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 USD/CHF tumbles to test 0.9000 as DXY extends slide FX Street 2 years ETH/USD has followed Bitcoin after its failure to defend a crucial resistance level at $12,000. Ethereum is still ahead of other cryptos and it’s under a healthy consolidation period. Ethereum is currently trading at $422 after a slight pullback from $433 following Bitcoin’s pullback below $12,000. There are no red flags just yet for Ethereum bulls and the daily uptrend is still intact. ETH/USD daily chart The last support level for Ethereum is all the way down at $365. That level is the low of the daily uptrend, a failure to hold it, would mean a daily downtrend. There are… 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.
