Well, we still hope for ETH/USD to lead the market, even in the bearish environment.
While Headlines of related news source highlights the massive panic among the miners of Bitcoin. ETH/USD trades at the price level of $135. After leaving the lows at $125, it managed to recover 10% and is gradually marking the current $135 as support for price congestion.
Below the current price, the first support at $125 (relative lows). Second support at $94 (price congestion support). Third support at $81. Above the current price, the first resistance at $155 (price congestion resistance). The second resistance is in the EMA50. The third resistance at $170 (price congestion resistance) would change the scenario since it would have the EMA50 below supporting the rises.
While Headlines of related news source highlights the massive panic among the miners of Bitcoin. ETH/USD trades at the price level of $135. After leaving the lows at $125, it managed to recover 10% and is gradually marking the current $135 as support for price congestion.
Below the current price, the first support at $125 (relative lows). Second support at $94 (price congestion support). Third support at $81. Above the current price, the first resistance at $155 (price congestion resistance). The second resistance is in the EMA50. The third resistance at $170 (price congestion resistance) would change the scenario since it would have the EMA50 below supporting the rises.