For the most complete data on all crypto currencies check: https://coincheckup.com | The crypto research platform.
Full credits for this video to NewsBTC who listed the info in this video on an article on their website:
0:00:00 Ethereum Price (ETH) Could Breakdown In Short Term, Bitcoin Down 3%
0:00:05 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.
0:00:11 ETH price is struggling to continue to move higher above the $185 resistance against the US Dollar.
0:00:18 The price is likely to decline if bitcoin continues to struggle below the $10,250 level.
0:00:24 There is a connecting bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD.
0:00:32 Ethereum price is struggling to gain strength above $185 versus the US Dollar since bitcoin is declining.
0:00:39 ETH price could spike below the $180 support in the near term.
0:00:44 In the past two days, ETH price made two attempts to surpass the $185 resistance against the US Dollar.
0:00:51 However, bitcoin price struggled to climb higher above the $10,350 and $10,400 resistance levels.
0:00:60 As a result, Ether price also started showing a few bearish signs below the $185 resistance.
0:01:06 On the positive side, the price is holding the main $178 and $180 support levels.
0:01:13 The last swing low was formed near the $177 level.
0:01:18 The price is currently correcting higher above the $178 and $179 levels.
0:01:25 Moreover, there was a break above the 50% Fibonacci retracement level of the recent decline from the $185 swing high to $177 swing low.
0:01:35 On the upside, the $182 level is currently protecting gains.
0:01:40 Additionally, there is a connecting bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD.
0:01:48 The 61.8% Fibonacci retracement level of the recent decline from the $185 swing high to $177 swing low is also acting as a resistance.
0:01:59 If there is an upside break above $182, Ethereum price could revisit the $185 resistance level.
0:02:07 To continue higher and start a decent rise, the price must break the $185 and $186 resistance levels.
0:02:16 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.
Background music: [No Copyright Music] Star Eyes by urpleactus
Creative Commons – Ask urpleactus for permission if you want to use this song.
Music promoted by Audio Library https://www.youtube.com/channel/UCht8qITGkBvXKsR1Byln-wA
* Created with https://content2video.com technology | Creating videos out of your data.
Original of the video here