ETH Under Critical Support– The huge decline in ETH price from the $125 high against USD. ETH/USD pair broke the $122, $120 and $115 support levels to move into a bearish zone. It tested the $112 support area where buyers came up. Global X change.
Global xchange. From the above chart, Ethereum price may continue to trade in a range above $112 before the next move. The rail above $118 can take to $120 and $125 resistance. Globalxchange. On the other hand, price could also retest the $112 or $110 level. MACD for the pair is in the bullish zone and RSI is moving higher towards 50 and 55 level.
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