ETHUSDT or Ethereum, the bulls are struggling to sustain the price above the 20-day EMA (
1,896), and the bears are trying to flip this level into resistance. The down-sloping 20-day EMA and RSI below 45 indicate that bears have a slight advantage, and if they keep the price below 1,785, it could drop to the 61.8% Fibonacci retracement level of 1,663.However, if the bulls can push the price above the psychological level of
2,000, they may attempt to rally to the overhead resistance level of 2,200.Let me know what you think!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.