Ethereum saw a value extend beneath the $124 and $125 resistance against US Dollar. ETH/USD price failed to break the $125 resistance and declined below the $124 support levels. The price declined such that the price traded at $122 low and the 100 SMA. later it found support near the $123. Global exchange.
Globalexchange. The hourly chart shows that ETH price is struggling to gain support above $125. Dip below $122 takes the price to $118. Otherwise, the price might take a bounce towards $130 resistance. Globalxchange. The hourly MACD for the pair is slightly moving towards bullish zone and RSI is near the 60 level.
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