Price Ethereum formed the correction range within the levels of $114,20 $105,00. Before the end of the week possible lateral movement of the pair of ETH/USD in the indicated range.
The four-hour chart the ETH/USD
At the time of the market review Ethereum to the United States dollar is trading at $111,12 above the support level of $110,70, who previously, at the end of the last trading session was broken bears. Decrease in quotations of ETH/USD reached its session low at the level of the price adjustment is 32.2% with the value on the price scale $105,00.
Resistance daily growth rates of Ethereum, in the course of the session, the bears formed at the level of the price adjustment of 14.8% with a mark – $114,20, it Should be noted that the resistance level increases, the moving average EMA200 with the current value of $113,70.
At the moment a pair of ETH/USD remains in a precarious balance at the support level of $110,70. The breakdown of the marked level of support down will lead to lower prices ETH at least a basic level of support – $105,00.
In turn, the bulls to continue the upward movement of the price of Ethereum, it is necessary to gain a foothold above $114,20 for the consolidation of additional volumes.