During the trading session of Nov 14, there are downside risks to prices Ethereum paired with the US dollar to $200.
The four-hour chart the ETH/USD
During the trading session on Ethereum November 13, the bears broke through the price support at the key level of $206,00. At the time of the market review pair of ETH/USD is trading below the key level of $204,00.
Resistance sellers at $206 in the present moment enhances EMA14 moving average with the current value of $207,15. Given the nature of price movement, we should expect a decrease in quotations pair of ETH/USD at least until the second key support level of $202.
Indicator values of relative strength index RSI14 in the field of sales and the indicator line has a tendency to turn down at the intersection of the border of the oversold area.
In the case of attempts of breaking through the key support level a strong reduction of pulses possible short-term reduction in the price of Ethereum to $200.
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