Sunday , May 19 2019
Home / News / Ethereum / Ethereum price analysis: U-turn from here?

Ethereum price analysis: U-turn from here?

  • ETH reaches a degree of U-turn.
  • Caught in a slim vary within the brief time period.

Ethereum, the second largest cryptocurrency by market capitalisation retraces a bit after it reached a vital resistance on the brief time period chart and will take a U-turn from right here to the draw back, the place once more it finds a assist within the brief time period.

ETH/USD is down zero.2 p.c on day at $227.29 simply across the excessive of the day. On the 120-minute chart, ETH clawed again a few of its features after it reached a resistance within the type of a descending trendline and now stares at draw back of about 5-10 p.c within the fast time period.

Subsequent vital helps for the crypto at the moment are positioned round $215 and $200.

ETH/USD 120-minute chart:

 


Get 24/7 Crypto updates in our social media channels: Give us a comply with at @FXSCrypto and our FXStreet Crypto Buying and selling Telegram channel

About Tom Greenly

Check Also

ETH/USD faces multiple resistances on its path to $300

ETH/USD went up from $264.75 to $267 this Friday. Bulls face resistances of differing intensities. …

Ethereum (ETH) blijft stijgen, prijs boven $270, nieuws over Serenity upgrade – Crypto 365

De altcoins zijn sinds deze week behoorlijk aan het stijgen. Vooral de grotere platform cash …