radenpanji120

Ethereum is currently consolidating losses above the $ 190 zone against the US Dollar. The price of ETH faces many obstacles on the up side such as $ 208, $ 212, and 100 SMA per hour. Ethereum shows no major bullish signs above the $ 200 level against the US Dollar. The price is likely to struggle near the key resistance levels of $ 208 and $ 212. There is a short-term contract triangle formed with resistance near $ 205 on the 1-hour ETH / USD chart (data feed via Kraken). The price of Bitcoin tried to recover above $ 8,000, but failed to gain momentum Loss on Ethereum Price Consolidation After trading as low as $ 188, Ethereum started a small reverse correction against the US Dollar. ETH prices are trading above the $ 190 and $ 195 levels, but are still well below the simple 100-hour moving average. It looks like prices are consolidating losses above $ 190 and $ 195 levels. On the plus side, initial resistance is seen near the $ 205 level. Fib 23.6% retracement level of key declines from the lows of $ 252 to $ 188 is also close to the $ 205 zone . More importantly, there is a short-term contract triangle formed with resistance near $ 205 on the hourly chart of ETH / USD. The first major resistance on the upside is near the $ 208 level (recent breakdown zone).

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