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Ethereum [ETH] the third largest cryptocurrency, has struggled due to the constant attack of the bear. However, the currency maintained its third position and saw growth of 0.46% in the last 24 hours.
The currency was valued at $ 92.90, with a market capitalization of $ 9 billion at the time of printing. The 24-hour trade volume of the currency was $ 1.9 billion, however ETH fell by 18.42% in the space of a week.
1 hour
Source: view of trading
According to the diagram of an hour of the ETH, a downward trend was recorded from $ 107.41 to $ 96.89. The downward trend continues up to $ 92.49. The currency also saw an increase from $ 85.64 to $ 91.78. Immediate resistance was detected at $ 96.89, but no visible support was seen.
MACD line was observed below the signal line, indicating that the market is bearish.
CMF the line is below zone 0, observing that money flows out of the market, indicating a bearish market.
Awesome Oscillator also in line with other indicators, pointing towards a vermilion market. According to the graphs, a bear market is gaining ground.
1 day
Source: trading view
According to the one-day chart, a downward trend from $ 457.30 to $ 218.66 was observed, which continued up to $ 92.80. Due to such an extreme fall, no significant uptrend was recorded. The currency scored strong resistance at $ 116.82 and support at $ 89.10.
Bollinger bands they seem to converge, indicating a less volatile market. The moving average line seems to be above the candelabras, marking a bearish market.
Parabolic SAR also known as a bear market, with marker lines lined up above the candles.
Relative strength index indicates that the currency is in the oversold zone, indicating a bearish environment.
Conclusion
According to the indicators, the market is led by bears. Bollinger Bands, Awesome Oscillator and RSI provide a bear market.
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