Ethereum continued to hang on the downside on Thursday. The crypto currency remained weak and continued losing value. An increased selling bias sent the rate to 210.000 where the downward momentum lost legs and the Ethereum started a bearish consolidation. The spot spent the day between 215.000 and 210.000. The EMA50 and the EMA100 are heading higher, while the EMA200 is neutral. The MACD histogram decreased which indicates the sellers’ strength. Stochastic is bearish and calls for further downside. The resistance stands at 225.000, the support is at 200.000.
The current price action suggests a move towards the level 205.000.