Technical analytics

Ethereum

Cryptocurrencies

Ethereum remained in red figures on Wednesday. The coin fell maintaining a gloomy trend. The selling pressure dragged the currency from 380.000 to the 350.000 area. Sellers just touched the handle and pulled back to 360.000. The moving averages are moving downwards. MACD is declining in a negative area. RSI is stable around 30.The resistance stands at 375.000, the support is at 350.000.


We assume that the crypto currency will continue pressuring the 350.000 level. A close below this handle will trigger losses towards 325.000.