FX Street
Published Mar 21, 2019 08:37PM ET
Updated Mar 22, 2019 08:08PM ET
ETH/USD bulls have faltered at the $140 mark again as the price plummetted to $135.50 this Thursday. The bulls will need to defend the support level at $132.50 to make sure that the market doesn’t drop any further. In the meantime, Ethereum whales have transferred nearly $4 million worth of ETH tokens in the last 24 hours. Here are the whale movements:
ETH/USD daily chart
The ETH/USD daily chart creates a triangle formation, which sees a bearish breakout. The last session has caused the price to cross below the 20-day simple moving average (SMA 20) curve, even though the market is still trending above the SMA 50 curve. Before the last session, the relative strength index (RSI) was trending above the neutral zone, however, the RSI now is trending strictly in the neutral territory.
Written By: FX Street
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