Can ETH withstand the decline until the end of the week? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
ETH/USDOn the hourly chart, Ethereum is trading in the middle of a narrow range, between the support at $1,187 and the resistance at $1,197.If the bar closes near the $1,197 mark, bulls might again test the $1,200 zone tomorrow.
On the bigger time frame, traders should pay attention to the interim support level at $1,196.50. If the daily bar closes below it, the fall may continue to another level at $1,182. Ethereum is also bearish on the chart against Bitcoin , as the price is coming back to the support at 0.071493. If the breakout occurs, the decline may lead to the test of the 0.071 area until the end of the week.
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