Ethereum price Analysis 02 December

Ethereum price Analysis 02 December

ETH\USD

In spite of the fact that bulls pushed Ether (ETH) above $151.829, they couldn't support this level. This shows purchasing evaporates at more elevated levels. The altcoin would now be able to plunge to $140 and underneath it to $131.484. The downsloping moving midpoints and the RSI in negative region show that the bears are in the driver's seat.
Our bearish view will be negated if the ETH/USD pair pivots from the present levels and scales over the 20-day EMA. Such a move will open the entryways for a convention to $197.75. We may propose long positions over 20-day EMA. Up to that point, we stay in a pause and watch mode.