The market movement has assumed the bearish projection that it embark within the week and this might push the market to a major barrier that will set up the coin to a new lower low level.
Supply levels: $0.029, $0.032, $0.034
Demand levels: $0.028, $0.027, $0.024
ETHBTC Trends: Bearish
ETHBTC trend is trying to re-establish the bearish trend that had a market correction, at the major key area of $0.024, and now the price is trying to return to that area for a re-test or break.
The daily chart Exponential Moving Averages of 14 and 50 are on the south side, while the MACD Indicator signal and Histogram bars are yet to cross for a bearish indication.
ETHUSD Market Analysis: Bullish
The coin was unable to continue with the bearish outlook that it has been on, the price met a major barrier level and produces a price action signal at the resistance level, which saw the price moved up to break a resistance level, thus the market is expected to head to the next resistance level.
The 4-hour chart is showing that the price is about crossing, the 14 Exponential Moving Average, while the MACD is on a flat zone.
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