Key Highlights
- Ethereum price continued to find bids near the 100 hourly simple moving average, but it may weaken in the short term vs the US Dollar.
- There was a bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which is almost broken by the sellers.
- If there is an hourly close below the 100 SMA, then there is a chance of a downside move towards $9.00.
Intraday Support Level – $9.00
Intraday Resistance Level – $9.50
