Ethereum Takes A Dip
Ethereum Takes A Dip – ETH/USD trading at $176.65 at the time of the analysis with declines at the rate of -1.02 gives way to the bears.
The cryptocurrency market has a major influence of bears with slight bullish influence for the past few days and has its influence on all of the alt-coins. Currently all the alt-coins are embracing the bears except Tether. Tether makes way to the bulls showing a rebellious nature. Ethereum is in a dilemma of bulls as well as bears since 1 week. This may be due to the unpredictable behaviour of the market lately. At present Ethereum is taking a dip in the ocean of bears. The coin is deviating from the resistance area and aims to reach existing area of support.
ETH/USD Price Analysis And Forecast For september 12th, 2019 – Bear ladder. The pair ETH/USD is sloping negative at the rate of -1.00%. The moving averages at 177.59 seeks the bears. The orange and blue MACD’s at -0.41 and -0.36 depicts the struggle to move away from bearish zone. The RSI at 39.59 gives a view of steeper dip making its way to area of support. The price may range from $176.65 – $174.
Reverse scenario would give a twist to the bearish zone and end up initiating the bulls. Then the price may range from $176.65 – $178.