Crypto
ETHUSD Falters Below 200-Day MA Amid Bearish Divergence
Ethereum (ETHUSD) is trading around $1,899-$1,900, down 0.3%, below its 200-day moving average.
The resistance levels for ETHUSD are between $1,940 and $1,970, with a focus on the $1,950 mark.
On the support side, the prices are expected to hold around $1,800-$1,830 and $1,500-$1,600.
A daily bearish divergence has been observed in ETHUSD's price action, indicating potential weakness.
Coinglass data shows that if the price drops below $1,821, long liquidations could reach $735 million, while short liquidations might hit $604 million if the price climbs above $1,997.