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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:

 


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