Ethereum Breaks Down – ETH price broke the $115 resistance against US Dollar. ETH/USD pair failed to cross the $116 and $118 resistance levels. globalxchange. Bearish trend of price below $115 found. The pair even broke the $112 support and traded below 100 SMA. The decline traded near the new low $109. Global Exchange.
Globalexchange. From the chart, ETH is clearly in the bearish zone below the $115 and $112 levels. The upside trend may take the price to $112, $113 and $115 where sellers are in line. Conversely, if it fails to break the upside trend then the price might dip to $105 and $102. Globalxchange. MACD for the pair is in the bearish zone and RSI is in the oversold region.
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