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Ethereum [ETH] Technical Analysis: Third-largest coin has been attacked by the bear


The third-largest coin on the CoinMarketCap list, Ethereum [ETH], has been bleeding ever since it lost the second position on the top-10 list. The coin has managed to maintain its position in the third place, but has fallen by 5.91% over the past day.

At the time of press, the coin was valued at $118.46, with a market cap of $12.3 billion. ETH registered 24-hour trade volume of $2.3 billion with an overall fall of 24.27% over the week. The coin has just grown by 0.02% in the past hour.

1-hour

Source: Trading View

Source: Trading View

As per the coin’s one-hour chart, it registered a massive downtrend from $150.91 to $125.66, which extended till $114.34. The coin did not register a significant uptrend. The coin marked resistance at $124.29, with a strong support at $114.34.

Bollinger Bands appear to be at a diverged point, indicating increased volatility in the market. The moving average line is above the candlesticks marking a bearish market.

Awesome Oscillator, on the contrary, marks a bullish…



Read Full Story : AMBCrypto

2019-01-14 15:30:36

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