The crypto is sitting on a major barrier level and the price might break it or reverse from there, If the price succeeds in breaking this level, the coin will head for a record lower low level, but if it rejects this level then the price will go for a bullish trend.
Supply levels: $0.029, $0.032, $0.034
Demand levels: $0.028, $0.027, $0.024
ETHBTC Trends: Bearish
ETHBTC trend is in a bearish drive, but the price is sitting on a major barrier level waiting to either break out of it or reverse from there. A break out of this price resistance area will indicate a new record lower low level.
The daily chart is indicating that the 14 and 50 Exponential Moving Averages are strongly indicating a bearish drive, and the MACD Indicator signal lines and Histogram bars are re-enacting for the bearish trend.
ETHUSD Market Analysis: Bullish
ETHUSD is hanging above a resistance level for a bullish trend; the market might buy to the next major resistance level, and if the price succeeds in breaking the level the price will thus move to a higher high target, if not the market will reverse.
The MACD Indicator is on the bullish side, while the 14 and 50 Exponential Moving Averages are yet to cross for a bullish indication.
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