Please share if you find this article interesting.
Ethereum Price Weekly Forecast: ETH Trading Near Crucial Juncture
ETH price remained in a bearish zone and even tested the $180 support area against the US Dollar.The price is currently correcting higher, but it is facing hurdles near $192 and $195.There is a significant bearish trend line forming with resistance near $192 on the 4-hours chart of ETH/USD (data feed via Kraken).An upside break above $192 and $195 might trigger a solid recovery in the near term.Ethereum price is currently facing a strong resistance against the US Dollar and The above chart indicates that Ethereum price is clearly trading near a crucial juncture at $192. If there is an upside break, the price could start a decent recovery. If not, there are chances of another bearish wave below $180.Technical Indicators4 hours MACD – The MACD for ETH/USD is showing no positive signs in the bearish zone.4 hours RSI – The RSI for ETH/USD is currently near the 45 level, with a bearish angle.Major Support Level – $180Major Resistance Level – $198
Author: Aayush Jindal
Found this article interesting? Kindly share it on Social Media.