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Medium-term trend ETH / USD: bearish
Resistance levels: $ 240, $ 250, $ 280
Support levels: $ 80, $ 70, $ 60
Yesterday, December 13, the price of Ethereum was in a bearish trend. The bulls were making a first bullish movement to break the 12-day EMA and the 26-day EMA before being rejected by the 26-day EMA. The crypto dropped to a low of $ 86.66, but returned to a maximum of $ 88.66. The price of Ethereum dropped to the previous support level of $ 85.
Price tested this level on December 7th and December 8th without interrupting it. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Eth is less than 12 days EMA and the 26-day EMA indicates that the price is in the bearish trend zone.
Short-term trend ETH / USD: bearish
In the 1 hour chart, the price of the crypt is in a downward trend. Yesterday, the price of the crypto was moving in a movement linked to the price above $ 91. The 12-day EMA and the 26-day EMA were horizontally flat.
At the price of $ 92, the price of the encryption broke the 12-day EMA, the 26-day EMA and lowered to a low of $ 86.51 and started a movement linked to the interval. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of encryption is less than 12 days EMA and the 26-day EMA indicates that the price is in the bearish trend zone.
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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