ETHBTC has rejected a bullish resistance level and will possibly hit the next resistance area. If the price breaks out the lower level, then the coin will likely fall further to a lower low level.
Supply levels: $0.029, $0.032, $0.034
Demand levels: $0.028, $0.027, $0.024
ETHBTC Trends: Bearish
ETHBTC is within the support and resistance of $0.024 and $0.027, the price currently rejects the resistance level of $0.027 and is likely heading to the price level of $0.027. If the price succeeds in breaking the $0.027 level, then the market will set in for a record lower low level.
From the daily chart, the 14 and 50 Exponential Moving Averages is on the bearish position, and the MACD Indicator signal and Histogram are on the bearish direction.
ETHUSD Market Analysis: Bearish
ETHUSD is trying to break out of a key level and looks good to fall further, but if the key level holds the price, then the market is bound to reverse for a bullish call.
The 4-hour chart indicates that the 14 and 50 Exponential Moving Averages are crossed for bearish trend support; also the MACD signal lines and Histogram bars are on the south-side for a bearish call.
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