ETHUSD Could Go Down

ETHUSD CHART PRICE – ETHUSD DAILY

Ethereum is finding a resistance level at 400, we would need to wait for the price to hit that level to see if it has a breakout or if there is a reversal back to the 370 levels, the relative strength index is at 52% remaining almost unchanged in the last 4 sessions, ETH is getting stuck at the low 400’s, and high 300’s it has not gone lower than 363 since August 2nd, I doubt that the price could go lower than that in the short term. The bollinger bands are wide so we should expect volatility, the short term moving averages are steady and there could be a cross in the next sessions, for now we just need to monitor this pair as there could be potential to place a trade in the next few days.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.