The Ethereum Project token moved North to $151 on Sunday, December 8 and successfully returned to the $150-$152 support zone.
The coin started the new trading period on Monday with a correction to $147. It formed the exact same candle, but in the opposite direction, erasing all gains from the previous day.
The ETH/USD pair continued dropped further to $145 on Tuesday, December 10 after trading as low as $143 during intraday.
On Wednesday, the ether formed its third straight losing session and fell to $143. The current monthly low of $143 was surpassed in the early hours of December 12 as the coin was heading towards $130.
The coin started the new trading period on Monday with a correction to $147. It formed the exact same candle, but in the opposite direction, erasing all gains from the previous day.
The ETH/USD pair continued dropped further to $145 on Tuesday, December 10 after trading as low as $143 during intraday.
On Wednesday, the ether formed its third straight losing session and fell to $143. The current monthly low of $143 was surpassed in the early hours of December 12 as the coin was heading towards $130.
- The uptrend was broken after failed consolidation in the $150-$152 zone. Bears are already looking at $130 as their next target.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.