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ETHEREUM (ETH) price anaysis : Currency showing bearish movement

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Ethereum (ETH) is presently trading at around $164 and has a market cap of around and volume of supply of around $106 million. The 24 hours high and low value have been around $160 and $172 respectively and week low and high value have been around $160 and $184 respectively.

Ethereum has shown a kind of bearish movement struggling to avoid losses. The Ethereum was struggling to maintain the $155 support level against the United States Dollar and other digital currencies. In most of this week, it has traded well below the $150 trade level. It needs to break the $150 resistance level to trade even higher.

Ethereum reached this week highest at $184 by breaking all resistance level showing a bullish movement then again it started showing a bearish movement and started struggling to cross the $150 resistance level against the United States Dollar and again started making losses showing a bearish angle.

Ethereum has shown a support level of $164 but is struggling to move beyond that towards the $170 mark. It has reached a maximum $184 mark and that is sole because of the increase in selling pressure. The overall trend is a downward one.

About Ritika Sharma

Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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