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ETH / USD long-term trend: bearish
Resistance levels: $ 350, $ 370, $ 390
Support levels: $ 100, $ 80, $ 60
The ETH / USD pair was down in November 2018. In the first two weeks, the digital currency was brought to a range as the crypt floated above the $ 200 level. On November 14th, Ethereum had a bearish breakout that brought down the crypt in a downtrend. On November 1, the crypt had an opening balance of $ 198.41, but the encryption dropped to a minimum of $ 113.54 as at the time of writing. The price of Ethereum lost about 42.77% of its capitalization.
The crypto is likely to fall in December 2018. In the meantime, the price of Ethereum will probably decrease because the price is lower than the 12 day EMA and the 26 day EMA which indicates that a downtrend. The MACD line and the signal line are below the zero line indicating a sales signal.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
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