ETHUSD price forecast bearish despite news Etherium market cap hit $250 billion mark
Technical Analysis Summary ETHUSD: Sell
| Indicator | Value | Signal |
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| MA(200) | Sell | |
| Fractals | Neutral | |
| Parabolic SAR | Sell |
Chart Analysis
The ETHUSD technical analysis of the price chart on 1-hour timeframe shows ETHUSD: H1 is consolidating under the 200-period moving average MA(200) after unsuccessful test of the MA(200). We believe the bearish momentum will continue after the price breaches below 2010.6. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 2068.3. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of -
Etherium market capitalization hit $250 billion mark. Will the ETHUSD price resume advancing?
Etherium boosted its market capitalization to over $250 billion after recent slide. The crypto market total market capitalization reaches currently almost $1.4 trillion. Only Bitcoin surpasses Etherium as the crypto market leader in capitalization. However the current setup is bearish for ETHUSD.