Ethereum In A Bearish Dilemma
Ethereum In A Bearish Dilemma – ETH/USD trading at $217.84 at the time of the analysis and is inclining at the rate of -1.02%. The Crypto Market is in a spontaneous range of movements that show major impact on most of the coins. The recent high that held its stand alongside the bulls for almost two consecutive days, currently are seen backing up their trail and giving way to the bears. The downfall is most probably due to the trendlines nearing the area of resistance and surpassing the sales by supply. Ethereum Market had quite the bullish influence with a high of 225 and further dipped to touch down on the resistance. The bears are at a good pace with most of the altcoins.
ETH/USD Price Analysis And Forecast For July 26th 2019 – Bearish Downfall. The pair fall in the rate of -1.09%. The Moving Averages at 216.72 depict well oriented bearish trendlines. The MACD’s orange and blue ranging at -0.57 and -0.55 have the lines moving lower and deeper into the decline. The RSI at 51 indicate wide display of buys. The price may range from $217 – $210.
The current fall may have a correction as its history shows the converging trends on nearing the support areas. The buyers may tend to push concluding to excess buys. The price then may range from $217- $221.