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Medium-term trend ETH / USD: bearish
Resistance levels: $ 240, $ 250, $ 280
Support levels: $ 100, $ 90, $ 80
Yesterday, December 3, the price of Ethereum was in a bearish trend. Currently, the price of Ethereum is fluctuating between the levels of $ 100 and $ 130 in the last week. On 3 December, the price of the crypto was countered by the 12-day EMA and the price fell in a downward trend. The digital currency dropped to a minimum of $ 108.14 and the withdrawal.
The price of Ethereum is in a movement related to the interval. If the digital currency falls, it will reach the lower price level of $ 100 and will come back. On the other hand, if it is in an uptrend, it will have to face resistance at the $ 130 level. Meanwhile, the MACD line and the signal line are below the zero line indicating a sell signal. The price is Ethereum under the 12-day EMA and the 26-day EMA indicating that the price is in the bearish trend zone.
Short-term trend ETH / USD: variable
In the 1 hour chart, the price of the crypt is in a lateral trend. The price of the crypt dropped to a minimum of $ 108.14 and started a movement with a range of action. The price is offset by the 12-day EMA, and if the price is thwarted, the crypt will continue its downward trend. On the other hand, if the price breaks EMA, the crypt is likely to increase.
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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