Ethereum Extends Downtrend – Ethereum price extended downside below the $130 support against US Dollar. ETH/USD moved downside and broke the $126 and $124 support levels. The pair even traded below $123 and settled below 100 SMA. New monthly low formed near $122 and the price started to gain control over bears. global exchange.
Globalexchange. The hourly chart shows that, ETH price is trading in the bearish zone below $131 resistance. Short term upside move is possible above $130. On the other side, the price below $125 may rail down to $120 or below. globalxchange. The hourly MACD for the pair is in moving towards the bullish zone and RSI is near to 50 level.
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