Ethereum price failed to surpass the $144.00-145.00 resistance area. ETH/USD is declining slowly and it remains at a risk of a downside break below the $136.20 support level.

  • Ethereum price struggled to settle above $142.00 and declined below $140.00.
  • ETH/USD is trading below a major bearish trend line with resistance at $139.00 on the 30-minute chart.
  • The price could gain bearish momentum if it continues to struggle near the $142.00 barrier.

Ethereum Price Analysis

After a sharp dip, bitcoin, Ethereum, ripple, EOS, litecoin, XLM and other altcoins recovered nicely. ETH/USD traded as low as $131.00 and later climbed above the $136.00 and $140.00 resistance levels.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair even traded above the $141.00 level and the 25 simple moving average (30-min). However, there was no break above the $142.00 resistance and a swing high was formed near the $141.71 level.

Later, the price started a steady decline and traded below the $140.00 and $139.00 levels. There was a…

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Source: https://thebitcoinnews.com/ethereum-eth-price-prediction-renewed-risk-of-downside-break/