Ethereum For More Decline

Ethereum’s solid support near $146 zone against US Dollar failed to break the $150 zone and a bearish trend line. The price declined below the $146 and $144 supports, and sellers pushed the price below $130 level. There was even a close below the $130 level and 100 SMA. Globalexchange.
Post image
Global exchange. From the above chart, ETH price clearly broke down below the $146 support. Until the price is below the $136, there is a risk of more losses. Next breakdown will be $122 and 121 and then $110. Globalxchange. MACD for the pair is slowly moving in bullish zone and RSI is in the oversold zone.

Comments