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- Ethereum was unable to maintain price sustainability, soon the level of $170 will be tested.
- The ETH/BTC pair is suffering and not performing well with the loss of – 1.49% bringing the levels to 0.02500528.
ETH prices are unable to maintain its upsurge above the level of $180 and miserably failed to acquire the region of $190 and above. Prices are again trying their best to climb up but they are falling and to make it more worst as soon the support level of $170 will be tested.
Currently, prices are facing strong resistance of $175, even though acquiring a good positive momentum from $171 was not enough as bulls were struggling a lot to stay in the action against this resistance.
The support level of $170 is trying its level best to support the prices. ETH prices are suffered heavy negative divergence and now time by time they are coming down, they also blew away the level of $175
The market capitalization is $18,921,472,588 USD with volume traded $19,969,921,018 USD and circulating supply of 110,609,443 ETH.
The technical chart shows that Ethereum prices are suffering heavy plummet in prices. As ETH maintained its continuous downfall and in today’s trading session it loses another price level as ETH suffered is suffering a lot.
The technical indicators and oscillators are showing an increase in the buying volume of the Ethereum, this might be a good indication as prices can make a recovery.
MACD levels are trading in downward momentum currently, indicating that there is a bearish trade in the cryptocurrency. Due to the increase in selling volume, prices are unable to stabilize them.
The 24hr- RSI showing a heavy downfall after maintaining its trade-in negative patter, prices are now trying to reach the bullish zone. Prices are currently trading in a slight positive pattern in the bearish zone below the level of 50.
The 24hr-CCI has acquired a negative divergence, as, from the normal region, prices started falling down and went to the lowest limit possible in the normal region.
Resistance level: $ 175
Support Level: $170
