Ethereum Resumes Downtrend – ETH faced a strong resistance near the $110 level against USD. ETH/USD traded at $113 and started fresh decline. It broke the $107 support and entered the bearish zone. Globalexchange. sellers pushed the price below 50% Fib retracement level of the last decline from $113. Globalxchange.
Global Exchange. The hourly chart shows that ETH price might correct higher in the short term. Then might find hurdles near $106. The key resistance is at $109 if broke can rail upto $115. Globalxchange. On the other hand, the price dive below $100 resistance . MACD for the pair is in the bearish zone and RSI is above 30 level and below 40 level.
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