The crypto has been in a bearish drive and is keeping faith to it, a correction was entertained yesterday, but the price looks ready to fall to the major barrier level.
Supply levels: $302, $324, $363
Demand levels: $273, $259, $225
ETHUSD Trends: Bearish
ETHUSD trend has maintained a bearish outfit, yesterday candle closed on the bullish side, but that did not deter the bearish trend, because is just a correction on the trend. The market faces a price barrier level at $259, but the bearish trend looks ready to smash this level down to the key price level of $225.
The daily chart shows that the price is below the 14 and 50 Exponential Moving Averages, and the MACD Indicator signal lines and Histogram bars are all showing a strong bearish market.
ETHBTC Market Analysis: Ranging
ETHBTC is now ranging, this price is trying to consolidate for a reversal or correction, the market has been below the key price level which calls for a lower low price barrier level.
From the 4-hour chart, the price is ranging within the 14 Exponential Moving Average, while the MACD Indicator is showing a weak bullish market.
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