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No rebound for Ether yet today

18 Jan, 2022

Ethereum (ETHUSD) has traded to as low as 3,130 so far today. On Sunday, as mentioned here yesterday; it had failed in an attempt to rise above 3,400 and the rise in US yields and corresponding drop back in BTC today has undermined it further again. The range seen so far has been covered by 3,130 to 3,244. Meantime, the 21 day moving average has now crossed below the 200 day and that is not a very positive move. The 200 day is still rising gradually and currently in place at 3,476. The 21 day is now at 3,429 and falling steeply. The next minor support level is in place around 3,050 and after that it is 3,000 itself, then the previous interim low at 2,930. ETHUSD is currently trading at 3,166

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