By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Friday, November 29th, the ETH price had stabilized. The cryptocurrency is generally trading at $152.84. On H4, the ETH/USD pair is developing the general downtrend. We are witnessing a correctional phase. After a convergence, the signal lines of the MACD have formed a Gold Cross and are now moving to cross the zero line which signals the birth of a short-term uptrend. The landmark for the growth is near the resistance line of the descending channel, which is $175.00. Upon testing it, the Ethereum may keep declining, heading for $132.00, and later
The post Ethereum Price Analysis for November 29th – Good News: ETH Stopped Falling appeared first on The Merkle Hash.
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