remains under downside pressure on Thursday, with the ETHUSD
pair still struggling to move away from worst trading levels of 2018 so far. The MACD
indicators are attempting to move away from extremely oversold conditions on the daily time frame, although bullish
momentum remains weak. If the ETHUSD
pair can establish a price floor, buyers may attempt to rally price towards the $122.00 resistance level
If the ETHUSD
pair moves above the $100.00 level, buying may attempt a recovery towards the $115.00 and $122.00 resistance levels.
A decline below the $80.00 support level
will likely accelerate ETHUSD
selling towards the $75.00 and $70.00 levels.