Ethereum - Touching resistance followed by a decline
Ethereum has shown positive price dynamics over the last week. The rate of it has increased by 2.53% which is the biggest growth index out of the top 5 coins.
On the 4H chart, Ethereum is trying to fix above the resistance at $188. Currently, there are all chances for it to achieve this zone, as the colored EMA/SMA is bullish, as well as, the MACD indicator. The only thing that might concern traders is the level of the relatively low trading volume. If it does not increase soon, the rate will rollback to the support at $180.
On the 4H chart, Ethereum is trying to fix above the resistance at $188. Currently, there are all chances for it to achieve this zone, as the colored EMA/SMA is bullish, as well as, the MACD indicator. The only thing that might concern traders is the level of the relatively low trading volume. If it does not increase soon, the rate will rollback to the support at $180.
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