At the February 14 ethereal auction, bears can overcome support at a dynamic support level of $ 120.40.
Four hour ETH / USD chart
At the end of the morning session, the ETH / USD pair updated the minimum price of February 13 and reached $ 118.73, according to the historical data of the Coinbase cryptographic exchange.
At the time of analyzing the market situation ethereum to the US dollar is trading at $ 119.80, remaining under pressure from the short moving average EMA14 with the current value on the four-hour chart of $ 120.40.
The data of technical indicators indicate a high probability that buyers, before the completion of day trading, will restore the price of ethereum in the main trading range of the last session of $ 122.50-119.80. The value of the relative strength index is kept in the shopping area, the RSI14 line is turned up from the neutral level.
Strengthens the rising signals for the short-term rate of ETH / USD persisting hidden bullish divergence with the beginning of the formation of February 10.