Ethereum (ETH)  Is Priming To Attain The Level Of $150

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Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
  • Ethereum is able to maintain price sustainability and positively trading above the price level of $130,
  • The ETH/BTC pair is also performing negative with the loss of – 1.10% bringing the levels to 0.02065990 

ETH prices are able to maintain a static climb above the level of $130 and $135 region. Prices are again trying there best to meet up with the crucial level of $150.

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There is a strong resistance of $160, even though acquiring a good pace is not enough as bulls are struggling to stay in the action against this resistance level.

The prices are now trading above $130. $120 and $125  are providing the key support to the prices which they require to climb against the crucial resistance level.

The market capitalization is $15,352,606,292 USD with volume traded $13,676,136,062 and circulating supply of 110,240,499 ETH.

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The technical chart shows that Ethereum prices are suffering fast changes in level between $140 and  $130. ETH maintained a gradual climb and still moving up to acquire the crucial resistance level of $160.

The technical indicators and oscillators are showing a decrease in the buying of the Ethereum.

MACD levels are in bullish momentum currently, indicating that there is an increase in buying trade of the cryptocurrency but due to increase in selling volume it will be hard to keep up this momentum.

The 24hr- RSI showing significant fluctuation, as there is a negative divergence and which is in the potential to maintain this attitude. Currently, prices are trading above the level of 50.

The 24hr-CCI is suffering negative divergence, as from the top of the over buying region, prices started falling down to the normal region, even after acquiring it they are not stopping.

Resistance level: $ 150 and $160
Support Level: $120 and $125

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