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Ethereum Price (ETH) Recovery Could Face Hurdles Near $190-$195

From newsbtc.com

Yesterday, there was a nasty decline in bitcoin price below the $10,000 support. ETH price also declined heavily below the $200 and $190 support levels. Later, the price gained bearish momentum below the $185 support level. Moreover, there was a break below the $180 level and a close below the 100 hourly simple moving average. Finally, the price traded to a new swing low at $174 and recently started an upside correction. There was a break above the 23.6% Fib retracement level of the downward move from the $210 high to $174 low. Moreover, the price is currently showing positive signs above the $182 and $185 levels. ... (full story)

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  • Category: Technical Analysis