ETH Downtrend Resumed – From the recent recovery above $115 level in ETH price against US Dollar the pair failed to rail above the $118 and $119 resistance levels. 61.8% Fib retracement level was rejected from the last drop $127 high to $98 low. There was no close above $118-$120 and the 100 SMA. Global exchange.
Globalexchange. From the above chart, the ETH price is likely to extend the declines if the sellers control below $110. The price may even break the $100 and $98 levels to post new low. The MACD indicator is currently in the bearish zone. Globalxchange. Similarly, the RSI is below the 50 levels in a declining angle.
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