Medium-term trend ETH / USD: bearish
- Resistance levels: $ 240, $ 250, $ 260
- Support levels: $ 100, $ 90, $ 80
Last week, the price of Ethereum was in a bearish trend zone. The encryption was above the price level of $ 150 and it was assumed that if the bears broke the $ 150 level, the price of the crypt will fall. On December 11th, the price of the crypt dropped to a minimum of $ 127.44. After a movement around the price level of $ 120, the cryptography price fell back to a low of $ 116.79.
In the current fall, the price of Ethereum had fallen to a low of December 28, 2018. Bears were likely to have exhausted their bearish movement. Traders should look for purchase configurations and start long exchanges. In the meantime, the stochastic is outside the oversold region but above the 20% range. This indicates that the price is in a bullish momentum and a buy signal ..
Short-term trend ETH / USD: bearish
In the 1 hour chart, the price of encryption is in the bearish trend zone. On December 13, cryptography dropped to $ 118.19 and began a 12-day upward movement for EMA. The price of the crypt is attempting to break the 12-day EMA and the 26-day EMA in the uptrend zone. The stochastic is outside the oversold region but above the 80% range indicates that Ethereum has a strong bullish momentum and a buy signal.
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