NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Ethereum Market Overview: ETH/USD bulls fail at $140 mark as whales move $4 million in the last 24 hours

Published 03/22/2019, 03:08 AM
Updated 03/31/2019, 10:14 PM
© Reuters.
ETH/USD
-
ETH/USD
-

  • ETH/USD went down from $140 to $135.50 this Thursday.
  • This is the second time this week that the bulls failed to keep the price of ETH/USD above $140.

ETH/USD bulls have faltered at the $140 mark again as the price plummetted to $135.50 this Thursday. The bulls will need to defend the support level at $132.50 to make sure that the market doesn’t drop any further. In the meantime, Ethereum whales have transferred nearly $4 million worth of ETH tokens in the last 24 hours. Here are the whale movements:

  • 7,499 ETH (1,019,298 USD) transferred from Gemini to Unknown wallet.
  • 10,000 ETH (1,359,553 USD) transferred from OKEx to Unknown wallet.
  • 12,000 ETH (1,633,927 USD) transferred from Bitfinex to Unknown wallet.

ETH/USD daily chart

The ETH/USD daily chart creates a triangle formation, which sees a bearish breakout. The last session has caused the price to cross below the 20-day simple moving average (SMA 20) curve, even though the market is still trending above the SMA 50 curve. Before the last session, the relative strength index (RSI) was trending above the neutral zone, however, the RSI now is trending strictly in the neutral territory.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.