RATE Group | The Ethereum have the bullish key but can’t find the lock
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The Ethereum have the bullish key but can’t find the lock

06 Dec The Ethereum have the bullish key but can’t find the lock

Posted at 14:28h in Ethereum News by

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  • The ETH/USD loses the $100 and opens the door to further new lows.
  • The BTC/USD is holding on and it’s struggling to regain the support that it has lost.
  • The ETH/BTC also sets new annual lows and delays the upside scenario.

 

In the late hours of yesterday’s European session, the main players on the Crypto board failed to meet their respective support levels. The ETH/USD sets new annual lows leaving the tick at the $95.17 price level.

This new annual low reached yesterday. The ETH/BTC also lost supports, and the Ethereum marked its lowest moment against Bitcoin this year.  

As I have published several times, the Ethereum performing better than Bitcoin is a pattern that has always matched a bullish market. After the new low reached yesterday, the MACD in the daily range slides back down, and the DMI shows very active Ethereum sellers.


The positive thing is that the D- ( a component of the DMI that indicates the tendential strength of the Bears) goes directly towards the ADX (a…

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