ETH To Be Under Buyers Control

ETH To Be Under Buyers Control – After the price tested the $160 resistance, ETH then started a downside trend against USD. the pair declined below the $156, $155and $150 support levels. The price found support near $146 support area, where buyers came forward. Later, the price started a fresh upward move and traded above the $150 level. There was a break above the $152 level and 100 SMA. the price cleared the 23.6% Fib retracement level of the decline from $160 high. Globalxchange.

Global exchange. From the above chart, the ETH price is clearly holding the $146 support very well. In the short term, there could be range moves above $146 and $148 before an upside break. Close above $154 and $157 is needed for bulls to come forward. Globalexchange. on the other hand, the support is at $150 and $146.