Ethereum (ETH) Facing Major Resistance From The Price Level Of $135

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 above the price level of $130 and trading there with lots of ups and downs.
  • The ETH/BTC pair is also performing positively with the profit of – 2.12% bringing the levels to 0.02098175.

ETH prices are able to maintain its presence above the level of $130 and trying to acquire a $135 region. Prices are again trying their best to meet up with the expectations of the traders but suffering volatility.

There is a strong resistance of $135, even though acquiring a good pace is not enough as bulls are struggling to stay in the action against this resistance level and suffering heavy variation between the levels of $135 and $130.

The support level of $130 is trying its level best to support the prices. ETH prices are suffering heavy resistance and time by time they are kept on falling towards the key support level.

The market capitalization is $14,684,801,422 USD with volume traded $10,901,052,820 USD and circulating supply of 110,335,538 ETH.

Ethereum
Source:tradingview

The technical chart shows that Ethereum prices are suffering fast changes in level between $135 and  $130. As ETH maintained a gradual climb and still trying to move up but its failure to acquire the crucial resistance level of $135.

The technical indicators and oscillators are showing an increase in the selling volume of the Ethereum.

MACD levels are trading in flat momentum currently, indicating that  there is a neutral trade in both buying and selling volume of cryptocurrency but due to increasing in selling volume according to technical oscillators  it might get hard for eth prices

The 24hr- RSI showing a slight downfall after maintaining its trade-in flat patter at the bullish zone. Prices are about to hit the crucial zone of 50.

The 24hr-CCI has acquired a negative divergence, as, from the top of the normal region, prices started falling down. Currently, there is a downward momentum in prices while they are trading in the normal zone.

Resistance level: $ 135
Support Level: $130

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