• ETH/USD went down from $169 to $160.75.
  • The price is currently approaching the critical $155 support level.

ETH/USD went down from $169 to $160.75, charting a 4.88% drop this Monday. After failing at the $180 level, ETH/USD has been steadily falling over the past week. There have been consolidation attempts, but the overall sentiment has been bearish. This Monday, the price found support at the 20-day simple moving average (SMA 20) curve. If the bears breach past SMA 20 support, then they will be testing the critical support level at $155. On the upside, the resistance levels lie at $170, $175, and $180 levels.  

ETH/USD Daily Chart

  • The price has touched the SMA 20 curve and is above the SMA 200 and SMA 50 curves. 
  • The 20-day Bollinger band has narrowed, which shows decreasing market volatility.
  • The Relative Strength Index (RSI) indicator is trending around 52.
  • The signal line has diverged away from the moving average convergence divergence (MACD) line showing greater bearish momentum.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin price analysis: Downside opening up towards November lows

The bears take a breather over the last hours, allowing a brief consolidation phase in Bitcoin (BTC/USD), the most favorite cryptocurrency, having reached the lowest levels in two-and-a-half weeks at 7,007 in early trading this Sunday. The coin remains vulnerable amid bearish technical set up.

More Bitcoin News

Tezos technical analysis: Bears continue to guard $ 1.70/71 area

Tezos (XTZ/USD), is in the red zone for the third straight session on Sunday, although the selling momentum has weakened over the last hours following a turnaround in the sentiment across the crypto board. 

More Tezos News

TRON price prediction: Teasing head-and-shoulders breakdown

TRON (TRX/USD) stalled its overnight decline and jumped sharply from daily lows of 0.01380 in Sunday’s early trading. Despite the recovery attempts, TRX/USD remains exposed to further downside risks.

More TRON News

Top 3 Price Prediction BTC, ETH, XRP: Sell the rallies– key theme ahead?

The world’s no. 1 digital coin, Bitcoin, is seen fading its tepid recovery from 2.5-week lows of 7,007, as we head towards the weekly closing. Top 3 widely traded coins to shed 4+% each on the week.

More Cryptocurrencies News


Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast