[ad_1]
ETH / USD Medium-term trend: bullish
- Resistance levels: $ 240, $ 250, $ 280
- Support levels: $ 150, $ 130, $ 110
Yesterday, 2 January, the price of Ethereum was in an uptrend. The price of the crypto broke the $ 140 and $ 150 price levels and reached a maximum of $ 160. However, the price of Ethereum was rejected at a price of $ 163.67 and the price was reversed by the recent high .
On the upside, if the bulls sustain the price over the 12-day EMA and the 26-day EMA, the crypto will resume its uptrend. On the downside, if the price is affected and interrupted under the 12-day EMA and the 26-day EMA, the encryption will be in a downward trend. In the meantime, the stochastic indicator is outside the overbought region but below the 80% range. This implies that Ethereum has a moment of decline.
Short-term ETH / USD trend: bullish
In the 1 hour chart, the price of the crypt is in an uptrend. The price of the crypt was traced after resistance to $ 163.67 price level. The price of the crypt was brought back to the 26-day EMA and the 26-day EMA became a level of support for another upward movement.
Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. The Stochastic is out of the overbought region but above the 20% range indicates that Ethereum is in a bullish momentum and a buy signal.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
[ad_2]
Source link
