Ethereum had a negative day on Thursday. The currency started the day at 150.000. The neutral stance continued till morning when a strong bearish interest emerged. The crypto currency moved to 145.00 first and then slipped to the 130.000 area where sellers took a pause before driving the rate to 125.000 where they met a quite strong buying pressure and had to stop.
The EMA50 is in the 145.000 area, the EMA100 is located at 130.000 while the EMA200 is at 115.000. The EMA50 is broken downwards, while the EMA100 is still defending the downward direction. The EMA50 and the EMA200 are neutral, while the EMA100 is moving upwards. MACD continued moving downwards in the negative territory. Stochastic reached the oversold levels. The resistance stands at 135.000, the support is at 125.000.
The overall outlook remains bearish, for a decline towards 120.000 support area.