Hi Friends,
Ethereum failed to break the resistance level at $142.22. It is currently priced at $136.11. The ETH market capital also dropped by -1.09% or USD14.47 billion and volumes trading in dollar is USD4.5 billion.
There are two possible patterns could happen on the ETH/USD pair. First, if we follow the bollinger bands pattern, during the last 4 days up to present, the ETH has established stability which shows a bollinger band squeeze. It could project a strong indication of a big movement in the future and it could be either a bear or a bull.
Second, according to Stochastic RSI, the price retains at the overbought territory which, apparently, is a sell signal.
Ethereum failed to break the resistance level at $142.22. It is currently priced at $136.11. The ETH market capital also dropped by -1.09% or USD14.47 billion and volumes trading in dollar is USD4.5 billion.
There are two possible patterns could happen on the ETH/USD pair. First, if we follow the bollinger bands pattern, during the last 4 days up to present, the ETH has established stability which shows a bollinger band squeeze. It could project a strong indication of a big movement in the future and it could be either a bear or a bull.
Second, according to Stochastic RSI, the price retains at the overbought territory which, apparently, is a sell signal.