View full page at cryptocraft.com

 

Ethereum Price Analysis: Market Turned Bearish, Targets New Monthly Lows

From livebitcoinnews.com

After a sharp upward move, Ethereum price topped near the $147 level against the US Dollar. The ETH/USD pair started a steady decline and moved below the $144 and $140 support levels. The pair even broke the $138 level and the 50% Fib retracement level of the last leg from the $127 low to $147 high. Later, there were range moves above the $135 support and the 55 simple moving average (4-hours). Buyers continuously faced sellers near the $138 and $140 resistance levels. As a result, there was a bearish break below the $136 and $135 support levels. More importantly, there was a break below a crucial bullish trend line ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis