Ethereum technical analysis: ETH/USD keeps falling after failing at the $155-level

Ethereum technical analysis: ETH/USD keeps falling after failing at the $155-level

MACD and signal lines start to diverge following a period of convergence, indicating increasing bearish momentum. The 4-hour ETH/USD chart has found immediate resistance at the SMA 50 curve. ETH/USD managed to chart a third straight bearish day after failing at the $155-level. This Monday, Ethereum has dropped from $151.30 to $149.