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ETH / USD Mid-term trend: bullish [19659003] Resistance levels: $ 240, $ 260, $ 280
Support levels: $ 200, $ 180, $ 160
Last week the price of Ethereum was rising, the price fell to $ 175.69 and started a bullish movement, the digital currency is making a series of higher highs and lows higher. Before any retracement, the ETH price resumes its bullish movement. The price is now in the previous price range and approaching the higher level of price, start long-term negotiations if price tests and rebound on the trend line.
Cryptocurrency is expected to increase again but will face resistance to $ 280. However, MACD line and the signal line are above the zero line indicating a purchase signal.Also , the price of Ethereum is higher than the 12-day EMA and at the 26-day EMA indicating that the bullish trend is underway. The Relative Strength Index 14 is level 60 which indicates that the price is in the uptrend zone.
ETH / USD short-term trend: bullish
In the 1-hour chart, the price of Ethereum is in an uptrend. The price of Ethereum is rising because the 12-day EMA and the 26-day EMA are lower than the cryptocurrency price. The MACD line and the signal line are above the zero line indicating a purchase 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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