Daily testing of the support for etrium confirms the ability of bulls to keep the price of an ETH coin at its current level.
Four-hour chart pair ETH / USD
The sharp fluctuations in prices on the market on March 14th etirium look more like the hunt of market makers for stops of marginal long and short positions, rather than an attempt to withdraw the rate of cryptocurrency from the flat phase.
Moreover, the average daily trading volume on the ethereum only increased, after stabilization of the price at the main weekly level $ 131.30. The current situation in the coin market for the main players gaining large positions is more than comfortable.
At the time of the market review, ethereum to the US dollar is quoted at $ 131.31. The values of the relative strength index calculated for the four-hour ETH / USD chart are in the sales area, the RSI14 line is horizontally directed.
ETH price support testing confirms the concentration of large volumes on purchases below the local level of $ 130.00. It is not excluded attempts of bulls to break through the support of etherium.