ETH/USD technical analysis: Ethereum bleeds below $200 as US senate frowns at Facebook’Libra

The cryto market is bleeding as Facebook’s libra may face legal issues.
ETH is under strong selling pressure now below the $200 mark

Breaking: Bitcoin tumbles under $10,000 as U.S. Senate mulls Facebook’s Libra

ETH/USD daily chart

The July’s selloff keeps going as the market trades below the $200 mark and the 50 and 100 SMAs. Cryptocurrencies are dropping on the back of potential legal and privacy issues with Facebook’s Libra.

ETH/USD 4-hour chart

The market is seen as weak below 220 resistance and its main SMAs. The level to beat for bears is 180 followed by 120 on the way down.

Additional key levels

ETH/USD

Overview
Today last price	198.54
Today Daily Change	-29.55
Today Daily Change %	-12.96
Today daily open	228.09

Trends
Daily SMA20	288.68
Daily SMA50	275.75
Daily SMA100	232.95
Daily SMA200	182.55

Levels
Previous Daily High	235.48
Previous Daily Low	202.87
Previous Weekly High	318.46
Previous Weekly Low	262
Previous Monthly High	363.54
Previous Monthly Low	226.48
Daily Fibonacci 38.2%	223.02
Daily Fibonacci 61.8%	215.32
Daily Pivot Point S1	208.81
Daily Pivot Point S2	189.53
Daily Pivot Point S3	176.2
Daily Pivot Point R1	241.42
Daily Pivot Point R2	254.76
Daily Pivot Point R3	274.03

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