In the market of ethereum, high risks of cryptocurrency quotes collapse to a key price support level of $ 125.90.
Four-hour chart pair ETH / USD
In the course of current trades on ethereum, the parties did not show any particular activity that could affect the price’s exit from a narrow horizontal channel with the main borders of $ 132.40 and $ 130.80.
The only testing of the resistance of sales at the level of the weekly pivot $ 132.40 confirms the readiness of bears to a sharp increase in sales volumes of ethereum.
At the time of the market review, ETH / USD is listed at $ 131.00. As of March 11, the moving average EMA100 with the current value of $ 133.50 puts pressure on the pair quotes. In force forecast for the reduction of ethereum, which we gave in the previous market review.