Ethereum volatility is decreasing together with the price. ETH/USD may proceed to the critical support at 180.00. An average 10-day volatility of ETH/USD dropped to 1.73%, which is close to the historical minimum. This development can be a sign of market indecision, though the asset tends to move sharply after a period of range-bound trading. Meanwhile, at the time of writing ETH/USD is changing hands at $183.20. down nearly 1.6% in recent 24 hours. The second-largest asset with the current market capitalization of $19.9 billion has been moving in sync with the market, vulnerable to bearish sentiments. Looking technically, an important support area is created by SMA50 (Simple Moving Average) daily at $180.48. Once it is out of the way, the sell-off is likely to gain traction with the next focus on psychological $180.00 and $178.00 (the lower boundary of the recent consolidation channel). On the upside, keep an eye on $185.00 strengthened by SMA100 daily. We will need to see a sustainable move above this handle for the upside to gain traction and mitigate the bearish pressure. The next resistance awaits us on approach to $190.00, followed by $194.70 (November 6 high). ETH/USD, 1-day chart 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 Food prices pushed CPI higher in India – UOB FX Street 3 years Ethereum volatility is decreasing together with the price. ETH/USD may proceed to the critical support at 180.00. An average 10-day volatility of ETH/USD dropped to 1.73%, which is close to the historical minimum. This development can be a sign of market indecision, though the asset tends to move sharply after a period of range-bound trading. Meanwhile, at the time of writing ETH/USD is changing hands at $183.20. down nearly 1.6% in recent 24 hours. The second-largest asset with the current market capitalization of $19.9 billion has been moving in sync with the market, vulnerable to bearish sentiments. Looking technically,… 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.
