ETH For A Downside Correction – Ethereum failed to clear the $159-160 resistance zone against US Dollar. The pair started a downside correction and traded below the $155 and $150 support level. There was a close below the $155 support and 100 SMA. The price also declined below 76.4% Fib retracement level of the recent high of $160 high. Global Exchange.
Globalexchange. From the above chart, ETH price may correct higher, but it is likely to face sellers near the $152 support. If the bear continues, the price may perhaps continue to move down towards the $144 or $139 supports. Selling near the $152 level may be considered for the short term for a test of $144 or $139. Globalxchange. MACD for the pair is in the bearish zone and RSI is below the 50 levels.
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