The crypto bearish indication has been confirmed, the coin was able to go beyond a resistance level. And the price is targeting the next price resistance level or even further below.
Supply levels: $302, $324, $363
Demand levels: $273, $259, $225
ETHUSD Trends: Bearish
ETHUSD trend is now bearish, the price could not break out from the price level of $324, the price now took a bearish approach, after breaking the price resistance area of $273, the crypto may go down to the price resistance level of $259 or $225.
The price is seen to be below the 14 and 50 days Exponential Moving Averages. While the MACD Indicator signal lines and Histogram bars have been on the bearish side.
ETHBTC Market Analysis: Bearish
ETHBTC has been magnanimous in its bearish call, the price is below a major resistance level, after the break the barrier, and is the course of forming a lower low barrier level, which might see the price go for a correction or a reversal.
The 4-hour chart is indicating that the price is below the 14 and 50 Exponential Moving Averages, and the MACD Indicator has been signaling for a bearish market.
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