The coin took a good bearish outlook since last week, but the price could not continue on that note as it met a resistance that slows down the momentum of the market, thus the market price is now negotiating on which sides of this resistance to be breaking from.
Supply levels: $302, $324, $363
Demand levels: $273, $259, $225
ETHUSD Trends: Ranging
ETHUSD is on a ranging condition between the price resistance zones of $302 and $273. This is as a result of the price not being able to go beyond the $273 price level. The market is now gathering momentum that will enable it to break out of this area. The price might break out of the upper region or below, to trigger trend momentum.
ETHBTC Market Analysis: Ranging
ETHBTC hits a major price barrier level and could not go beyond there for a while now, thus the market is now ranging above that area, the price might be heading for a re-test of that same level, and if possible break out of it to institute a record lower low level.
The 4-hour chart shows that it is trending in-between the 14 and 50 Exponential Moving Averages, and the MACD Indicator is showing a flat signal indication.
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