Ethereum is starting to probe towards the $180.00 resistance level, after sellers failed to break below the current yearly trading low, at $157.00. Overall, the pressure remains to the downside, despite the marginal recover towards the October trading low. The Moving Average Convergence Divergence indicator on the daily frame is also signalling further losses for the ETHUSD pair.
The ETHUSD pair is bearish while trading below the $180.00 level, key support is found at the $157.00 and $144.00 levels.
If the ETHUSD pair trades above the $180.00 level, buyers may test towards the $190.00 and $198.00 resistance levels.
The ETHUSD pair is bearish while trading below the $180.00 level, key support is found at the $157.00 and $144.00 levels.
If the ETHUSD pair trades above the $180.00 level, buyers may test towards the $190.00 and $198.00 resistance levels.
