The coin has continued to hold its bearish indication, the price is preparing to fall more, and it might reach the major price barrier level.
Supply levels: $302, $324, $363
Demand levels: $273, $259, $225
ETHUSD Trends: Bearish
ETHUSD trend is bearish breaking the price barrier level of $273; the market seems ready to go down to the major barrier level of $225. If the price breaks out of this barrier level the market will head for a lower low level, but a total rejection of it will reverse the price for a bullish expectation.
The daily chart shows that the price is below the 14 and 50 Exponential Moving Averages thus showing a strong bearish trend, also the MACD Indicator signal lines and Histogram bars are on the south-side position for bearish trend support.
ETHBTC Market Analysis: Bearish
ETHUSD has continued to maintain a bearish outlook after breaking a major price barrier area, the price is now on a lower low level, seeking to embark on a reversal or corrective movement.
The 4-hour chart is showing that the price is trying to return to the 14 Exponential Moving Average, while the MACD Indicator is showing a bullish signal already.
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