Ethereum is slipping from the hands of Bulls

Ethereum is losing value as it moves inside a bearish parallel channel. Where it’s head to?

Ethereum price today is $3,791.05 USD with a 24-hour trading volume of $13,125,195,859 USD. Ethereum is up 1.40% in the last 24 hours, with a market cap of $451,006,003,022 USD. It has a circulating supply of 118,965,873 ETH coins.

Ethereum is slipping
Source: Tradingview

Ethereum is slipping: Analysis

Ethereum is tested the support level $3585 today and rising again to the middle line resistance of EMA 20. The next resistance is at EMA 200 above $4000. Ethereum is headed towards to the final support level of 3232, fib 1.618. The combined resistance of EMA might prove a good resistance for Ethereum.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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