Categories: Ethereum

Ethereum market overview: Bears take over and pull the price back below $300

Click here to view original web page at www.fxstreet.com
  • ETH/USD has gone down from $309.80 to $297.75 in the early hours of Saturday.
  • ETH/USD market momentum has turned bearish, as per the technical analysis.

ETH/USD bears are in full control of the market in the early hours of Saturday as the price has gone down from $309.80 to $297.75. According to the 15-min chart, the price fell by $308 to $297.25 within one hour. The daily price is currently trending in a flag formation. The market has found support on the upwards trending line. Looking at the 60-min chart, ETH/USD has had four straight bearish sessions this Saturday.

ETH/USD daily chart

The 20-day Bollinger jaw is narrowing, indicating decreasing market volatility. The market is trending above the 200-day simple moving average (SMA 200), SMA 50 and SMA 20 curves. The bulls will need to defend the support level at $295, to prevent a further market downturn. The moving average convergence/divergence (MACD) indicator shows that the MACD line has crossed over the signal line, indicating that market momentum has turned bearish. The Elliot oscillator has had three straight bearish sessions.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

News Feed

ETH/USD market momentum has turned bearish, as per the technical analysis.

ETH/USD bears […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama
Tags: ethether

Recent Posts

Should You Use MST Gift Cards at US Casinos?

US-facing online casinos don’t exactly feature a robust selection of deposit methods. Most gaming sites only offer a couple of… Read More

20 mins ago

Bitcoin {BTC} the reigning asset: Why Gold Barons and Value Investors constantly shun the king coin

Warren Buffett is a popular investor who was once one of the richest men in the world. He has claimed… Read More

20 mins ago

Bitcoin’s Bull Run Could Be Just Getting Started—Here’s Why

Bitcoin has soared so far this year, with the bitcoin price rising more than 200% since the beginning of the… Read More

20 mins ago

Late Hal Finney Predicted $10 Million Per BTC After Satoshi Release

Although some Bitcoin critics will spite anyone who believes that the cryptocurrency will be worth more than 1000× its current… Read More

6 hours ago

Bitcoin {BTC} adoption: Booking.com chief as well as U.K. Central Bank leader are optimistic about virtual currencies

Bitcoin is placed right at the top of the market, with the BTC dominance rate currently at 68.7%. The trading… Read More

6 hours ago

Top Pro Athletes Like Messi Would Make a Killing in Bitcoin Earnings

According to Messari research, Lionel Messi's take-home pay would be "12,700 $BTC" annually. Cristiano Ronaldo's would be 10,000 bitcoins. |… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More