Ethereum prices are under pressure, trading close to the $174 support level.
ETHUSD could rise again or fall below $172.
Yesterday, September 4, Ethereum’s price was in the bearish trend as it fell below the 20-day index moving average (EMA). The bulls tried to push prices above $180 but were resisted.
As a result, Ethereum prices fell below the $180 level and began to fall below the $178 support level. At the time of writing, the cryptocurrency was priced at $174.
On the downside, if the bearish trend continues, the cryptocurrency price will fall to $172 and $170. On the plus side, if more buyers emerge, the market will rise and retest $180 and $182.
At the same time, the moving average is concentrated and dispersed (MACD) lines and signal lines are below the zero lines that represent the sell signal.
Short-term analysis of ESOD prices On the 1-hour chart, ESOD prices are in a bearish trend. On August 3rd, there was a good room for improvement above the key resistance levels of $172 and $175.
At the same time, the MACD line and the signal line are above the zero lines, indicating a buy signal.
Resistance level: $180, $182, $185
Support level: $172, $170, $165