Ethereum Price Analysis: ETH/USD bears take price below the SMA 50
|- ETH/USD bears have managed to stay in control for the second straight day.
- The MACD shows that market momentum has been consistently bearish.
ETH/USD daily chart
ETH/USD bears stayed in control for the second straight day as the price fell from $226.50 to $226.30 this Friday. In the process, ETH/USD has managed to drop below the SMA 50 curve. The MACD shows that the overall market momentum has been consistently bearish.
Support and Resistance
ETH/USD faces strong resistance levels at $227 (SMA 50), $230.75 (SMA 20), $238 and $247.70. On the downside, healthy support lies at $230.35 and $214.25
Key Levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.