Analysis Editor's Picks

ETH / USD: technical analysis of the course, February 6-7, 2019

In the second half of the trading session on February 6, bulls in the market of ethereum received unexpected support, which allows to keep the price of cryptocurrency within the limits of the two-week price range.

Four hour ETH / USD chart

At the time of the market review, ethereum to the US dollar is trading at $ 103.50 over the first key support level of $ 102.00. The session minimum price of ethereum is fixed at $ 100.15.

The current price of ethereum remains under the pressure of the moving average EMA30, through which sellers form the main resistance to the growth of cryptocurrency.

February 6 ETHUSD H4
February 6 ETHUSD H4

The values of the relative strength index are in the area of sales, the indicator line is turning down, which indicates the restoration of price control by the sellers.

However, if buyers of ethereum keep the price of the coin above the $ 102.00 key support level, in the short term this will attract additional market support.

.

Related posts

David A. Marcus, Co-creator of Diem and Former President of PayPal Presents his New Project

Jai Hamid

Former Ethereum Developer Virgil Griffith Jailed for Helping North Korea Evade US Sanctions

Afroz Ahmad

Chinese COSCO Shipping Company to Test Blockchain Tool

Dennis Wafula