TA: Ethereum Turns Red, Why Recovery Could Be Attractive To Sellers

TA: Ethereum Turns Red, Why Recovery Could Be Attractive To Sellers


Ethereum extended its decline below the $2,200 support zone against the US Dollar. ETH price is showing bearish signs and it might dive further towards $2,000.

Ethereum is down over 10% and it even spiked below the $2,100 support zone. The price is now trading below the $2,200 support and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but sellers are likely to remain active near the $2,200 zone. Ethereum Price Extends Losses

There was no major recovery in ethereum above the $2,300 level. ETH remained in a bearish zone and it broke the main $2,200 support zone to move further into a bearish zone, similar to bitcoin.

Trending: Robin Bullock: Current Events Update – Kim Clement!

The price even declined below the $2,150 support and it settled below the 100 hourly simple moving average. There was a spike below $2,100

Continue reading

You Might Like

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend