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/ Ultima / 2018/12 / Ethereum-ETH-price-analysis-December-14 /
Price analysis of Ethereum (ETH) – December 14th
Ethereum ETH-money-analysis-Dec-14
- The price of Ethereum is higher than the price of $ 87 in the last 14 days.
- If bears break the lower price level, cryptography will find support below the $ 60 and $ 70 levels.
Ethereum chart from the view of trading
ETHUSD Medium-term trend: variable
- Resistance levels: $ 230, $ 240, $ 250
- Support levels: $ 70, $ 60, $ 50
The ETHUSD pair has a lateral tendency. The price of Ethereum had been above the $ 87 price in the last 14 days. The appearance of small body-shaped candles like Doji and spins are responsible for the movement of the beam of action. The bulls and the bears are undecided about where the price is going. The appearance of large chandeliers will interrupt the movement of the series.
Meanwhile, the price of the crypto is lower than the 12-day EMA and the 26-day EMA indicates that the bears will have the upper hand.
ETHUSD Short-term trend: variable
On the short-term trend, the price of Ethereum is in a lateral trend. Since 7 December, cryptocurrency has been trading between the levels of $$ 85 and $ 100 in a narrow range. The price of the crypt tested the upper and lower price levels once. In addition, the price of the crypto is lower than the 12-day EMA and the 26-day EMA which indicates that the price of Ethereum is likely to decline.
If bears break the lowest price level in the near future, the crypt will find support below the levels of $ 60 and $ 70. On the upside, the bulls may be faced with a price level of $ 102.
The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your research. .
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