Ethereum Risk For Bear Market– Ethereum saw a bearish trend below $136 and$134 support level against US Dollar. ETH/USD corrected few points and also acted as a good support. The price then declined and broke the $131 and $130 support levels. The price declined below and broke the $131 support level. A new low was formed near the $129 support level. globalexchange.
Global exchange. The hourly chart shows that ETH price is clearly trading in a bearish zone below the $134 resistance. Upside correction above $134 level takes the price above $133 resistance. Otherwise, the break below $127 can create more losses. globalxchange. The hourly MACD for the pair is in the bearish zone and RSI below 40 level and selling zone.
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