ETH Swings Toward 2500 Support - BitcoinEthereumNews.com
ETHUSD - दैनिक चार्ट ईथ / अमरीकी डालर breaks below $2800 after an unsuccessful attempt to settle above the 9-day and 21-day moving averages. At the time of writing, the Ethereum (ETH) is changing hands at $2765, down 3.18% after touching the daily high of $2861. For the past few days, bears have so far been keeping the market price below the moving averages; hoping to touch the nearest support at $2500. When compared with Bitcoin, the bears are making effort to step back into the market while the coin is showing some negative signs that could make lower lows if the price moves below the 9-day and 21-day moving averages. On the downside, the nearest level of support lies at 6600 SAT and below. ETHBTC - दैनिक चार्ट Therefore, looking from the upside, the nearest resistance level is found above the upper boundary of the chanel, above this, further resistance lies at 8000 SAT and above. The technical indicator Relative Strength Index (14) is likely to cross below the 40-level which indicates that more bearish signals may come to focus.