Bitcoin | BTC 7651.00 $ -7.30%
Ethereum | ETH 589.64 $ -13.53%
Ripple | XRP 0.60 $ -11.08%
Litecoin | LTC 119.57 $ -9.96%

Ethereum Price Analysis for Today – ETH/USD Is It Downside Break (or just false alarm)?

685

Ethereum today started downside correction against the US Dollar and Bitcoin.

Now has reached plateau of below $300, so as we see from the below chart Ethereum price corrected lower after the peak of $313,62.

It was a false break below a bullish trend line considered $290 on the hourly chart of ETH/USD. Later still moved above bullish trendline tending to cross the $300 dollar level.

Yesterday bullish trend made it a monthly high record of $313,62 in ETH price against the US Dollar, and later the trend turned down to as low as $265,50, but this hourly downside move corrected later positively toward bullish trend and going above $285.

ethereum price analysis

But bearish trendline of few hours prevented price to move above psychological barrier of $300.

– For more Cryptocurrency market related Updates and News Follow us on our Facebook and Twitter pages.

Charts courtesy – SimpleFX

Get real time updates directly on you device, subscribe now.

Comments