We were not expecting big moves in the green zone for the coin unless a proper consolidation was in place to trigger an escape from the $180-$190 area.
This was even more obvious on Thursday, November 14 as the Ethereum token continued to slide and retreated to $184. We witnessed another sharp drop in price on the last day of the workweek. The coin closed at $179,7 with a 2.7 percent decrease or one step below the support zone.
On Saturday, November 16, the ETH/USD pair initiated a recovery and jumped to $182. It continued to rise on Sunday, November 17 and closed at $183.9 with 2.9 percent of a weekly loss.
The chart remains unchanged due to the unchanged conditions in ETH trading during the last 4 days. ETH is still ranging in the $190 -$180 zone since October 26. It was again rejected at $190 on
November 14 and moved down to the lower end of the trading area.
This was even more obvious on Thursday, November 14 as the Ethereum token continued to slide and retreated to $184. We witnessed another sharp drop in price on the last day of the workweek. The coin closed at $179,7 with a 2.7 percent decrease or one step below the support zone.
On Saturday, November 16, the ETH/USD pair initiated a recovery and jumped to $182. It continued to rise on Sunday, November 17 and closed at $183.9 with 2.9 percent of a weekly loss.
The chart remains unchanged due to the unchanged conditions in ETH trading during the last 4 days. ETH is still ranging in the $190 -$180 zone since October 26. It was again rejected at $190 on
November 14 and moved down to the lower end of the trading area.