Saturday, December 14Your Daily Bitcoin & Altcoin News Portal

Ethereum (ETH) Holding Crucial Support While Bitcoin Is Declining

Please share if you find this article interesting.

Ethereum (ETH) Holding Crucial Support While Bitcoin Is Declining

Ethereum price is still struggling to climb above $186, $188 and $190 resistances against the US Dollar.The price is currently declining and it seems like it could retest the $180 support area.There are two major bearish trend lines forming with resistance near $186 on the hourly chart of ETH/USD (data feed via Kraken).Bitcoin is under a lot of pressure and it recently decline below the $8,500 support.Ethereum price is holding an important support versus the US Dollar, while climbing vs Ethereum PriceLooking at the chart, Ethereum price is somehow holding the $180 and $178 levels. On the other hand, bitcoin is declining and it even traded below the $8,500 support level. Therefore, there are high chances of a decent upward move as long as ETH price is trading above the $180 and $178 support levels.ETH Technical IndicatorsHourly MACD The MACD for ETH/USD is slowly gaining pace in the bearish zone.Hourly RSI The RSI for ETH/USD is currently gaining bearish momentum and is well below the 50 level.Major Support Level – $180Major Resistance Level – $186

Go to Source

Author: Aayush Jindal

Found this article interesting? Kindly share it on Social Media.

Comments