Supply zones: $216, $218, $207
Demand zones: $211, $221, $226
ETH/USD Medium-term Trend: Bearish
ETH/USD was bearish yesterday on medium-term outlook. The Bulls lost the pressure when it reached its high supply zone of $207 on October 7, the bears took over the market with the formation of bearish hammer at $221 supply zone which pushed the ETH price to the south, broke the demand zone of $216, and exposed the demand zone of $211.
ETH price is between 21-day EMA and 50-day EMA with 21-day EMA above the price which indicates that
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