ETH/USD Price Analysis

Discussion in 'Crypto Assets' started by MrKJoe, Dec 11, 2019.

  1. MrKJoe


    ETH/USD Price Analysis:
    • Ethereum remains within bearish territory consolidating in a tight range above the $146 level.
    • A rally towards the $203.10 level on the horizon.
    ETH/USD Price: Still on bearish territory below $150
    The crypto space currently has a neutral tone for the ETH/USD pair, which has been consolidating within a tight range above the $146 handle. With gains limited by a robust 50 SMA placed at the 4H chart. The cryptocurrency stays comatose during December, and it seems like slight moves could happen in the coming hours.

    However, as a full-packed week in terms of event looms, price action can be volatile. Not directly focused on cryptocurrencies, but in the USD price dynamics across the board. As such a week could be the “last” in terms of high volatility, with the ECB and Fed’s interest rate decisions in focus. Thus, traders are readying their positions and fastening their seat belts to catch opportunities for trading in the crypto sphere.