Ethereum is in a downtrend pattern

POLONIEX:ETHUSDT   Ethereum / Tether USD
The turnaround of ETHUSD             pair not reaching an Angle Resistance and 1000.0 level suggest that the pair is in the downtrend pattern now and will need some strong signs to change this picture.
Below the 800.0 level, there is a Support Zone which contains Fibonacci levels of the global uptrend and 200-days EMA . If the market is about to get into bullish state, then the turnaround should happen in this zone. Otherwise, I expect a deeper correction.
Nonetheless, I would wait until the price crosses the Angle Resistance to prove that lowering tendency is going to change.
One of the fundamental reasons for the lowering ETH is Bitcoin             . As the BItcoin             is an accelerator of all crypto markets, the weak Bitcoin             (lower then 10000.0 psychological level with uncertain future) drags the coins down. Hence, until BTCUSD             pair shows a confident growth - a turnaround of the ETHUSD             is unlikely.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
首頁 股票篩選器 外匯信號搜索器 加密貨幣信號搜索器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的事件處理號碼 聯絡客服 發表的想法 粉絲 正在追蹤 私人訊息 在線聊天 登出