- ETH struggles with the resistance above $200
- Ethereum is currently correcting up from the price dip below $200
- ETH continues with bearishness despite moderate volatility
Ethereum has continued to trade bearishly against U.S Dollar as BTC price has come down to $9000 with a massive price fall. As this has impacted a larger part of the crypto market, leading crypto coins are witnessing price slumps causing them to fall below their key support prices.
Recently, ETH has traded even below $200 and is correcting up at present, though the coin is unstable over there and may see a further decline.
Ethereum Current Statistics:
Ethereum is currently trading at $203, at 09:48:05 UTC. The leading crypto coin holds $21,610,809,194 in its Market Capitalization while having 106,932,322 ETH as its Circulating Supply. Ethereum fetches 7,037.19% of RoI at present.
ETH/USD Price Chart:
The coin which was above $220 yesterday morning, saw a sharp decline to $193.85 with a decrease of 12.90%. ETH then rebounded above $200 but couldn’t settle its price position there due to instability. In the last 24 hours, ETH has decreased to 11.92%, and its current price is even below its 100 days SMA of $232.83.
Technical Indicators:
MACD chart for ETH is moderately volatile and it just had a bearish crossover. RSI for the coin is near 50 showing stability. The coin is likely to see resistance at 223.34 and $247.49 and support levels at $186.21 and $173.23.
