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  • ETH/USD was not able to jold ground above $200.
  • MetaMask announced mobile wallet launch.

ETH/USD attempted to break above $200 handle during early Asian hours; however, the momentum proved to be unsustainable. The coin retraced to $198 by the time of writing. Ethereum’s market value is registered at $20.4B; an average daily trading volume is $1.3B.  

MetaMask comes to your smartphone

A browser extension for Ethereum blockchain MetaMask has launched a mobile application, according to CEO of ConsenSys Joseph Lubin.

“Everyone’s favorite Ethereum browser extension is coming to your phone. The team is focusing on not being ‘just a wallet,’ but a portal to the world of all things blockchain,” tweeted Lublin uring Ethereum’s annual Devcon conference on October 31.

MetaMask is available for Chrome, Firefox, and Brave and considered to be one of the most-downloaded extensions in Chrome Web Store. It allows users to run Ethereum decentralized applications right from their web-browsers and serves as a web-based wallet for Ethereum and ERC-20 tokens.

Ethereum’s technical picture

ETH/USD is back under $200 handle with the downside momentum fading away. The Relative Strength Index has returned to the neutral position from the overbought area.  The coin is supported by $197 (SMA100, 1-hour) and $194. Once this area is cleared, the sell-off may continue towards psychological $190.00 and October 11 low of $186.00.

The upside is capped by $200, strengthened by SMA200 (1-hour). A sustainable movement higher will open up the way towards $211 (SMA200, 4-hour).

ETH/USD, 1-hour chart