Ethereum Price (ETH) Could Extend Decline Versus Bitcoin (BTC)

Ethereum price failed to clear
the $185.00 and 0.0350BTC resistances versus the US Dollar and bitcoin
respectively. ETH to BTC is currently trading with a bearish bias and it could
drop to 0.0315BTC.

Key Talking Points

  • Ethereum price recovered recently, but it failed
    to gain strength above 0.0350 against bitcoin.
  • There was a break below a major bullish trend
    line with support at 0.0336 on the 4-hours chart of the ETH/BTC pair (data feed
    from Poloniex).
  • The pair is currently trading with a bearish
    angle and it could slide towards the 0.0315 support.

Ethereum Price Chart Analysis

Recently, there was a decent rise in bitcoin, litecoin, Ethereum, EOS, bitcoin cash, ripple, and others against the US Dollar. However, ETH to BTC struggled to gain bullish momentum above the 0.0350 and 0.0352 resistance levels.

Ethereum Price Chart Analysis ETH BTC Chart

Looking at the chart, the price revisited the key 0.0350BTC resistance area recently and formed a swing high at 0.0352BTC. Later, there was a fresh decline below…

Read Full Story : Ethereum World News

2019-04-11 05:33:33

Aayush Jindal

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