Analysis Editor's Picks

Analysis of course Ethereum: the decline continues

Course ETH continues to fall. Broken the support level of $206. The resistance of the downward trend line is in the area of $208 on the hourly chart pair of ETH/USD. Below $208 and $206 cryptocurrency is under strong pressure, in the near future, for further possible downgrade.

The dynamics of the course

As a result of several past sessions of the course ETH fell below $210. After this was made futile attempts to back cryptocurrencies in the bullish zone with support at $206. The bears managed to push the exchange rate Ethereum below the level of $204 and a simple moving average for 100 hours.

The main resistance now is the recent support line at $206. Even higher, at $208, resistance is formed the downward trend line (hourly chart pair of ETH/USD). Thus, in the case of rehabilitation of correction, the bulls will have to deal with strong resistance in the range of $206-$208.

Анализ курса Ethereum: снижение продолжается

In case of failure of the bulls, the bears will try the strength of the psychological mark of $200. The next support level is $198.

Performance review

Convergence/divergence (MACD) in the near future may move in a bullish zone. The relative strength index (RSI) is below 50.

The main support level of $200 resistance $208.

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