ETH/USD Tests 2528 in Very Technical Trading: Sally Ho’s Technical Analysis 16 June 2021 ETH

Ethereum (ETH/USD) weakened early in today’s Asian session as the pair depreciated to the 2528.05 level after trading as high as the 2638.97 area during the European session, with the interday high representing a test of the 61.8% retracement of the depreciating range from 2873.35 to 2257.07.   Traders observe the interday low also represented a test of the 50-hour simple moving average.