ETH/USD Daily Chart: Decline below $3000

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Since bouncing off the all-time-high level at 4,375.00 on May 12, the ETH/USD rate has been declining. On Wednesday, May 19, the rate had reached the 2,800.00 level and the 50-day simple moving average.

In the case of the rate passing the support of the 50-day SMA and the decline extending, the rate could look for support in the April high levels at 2,530.00. If the 2,530.00 would be passed, the most close by support would be the 2,000.00 mark.

On the other hand, a recovery of the pair would find resistance in the 3,500.00 and 4,000.00 levels, which provided resistance during the previous rate's surge.
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