Forecast of the daily price of Ethereum (ETH) – 7 August

ETH / USD Mid-term trend:

Resistance levels: $ 410, $ 420, $ 430
Support levels: $ 390, $ 380, $ 370

Yesterday, the ETH price was in a bearish trend that caused the range-bound breakdown The downward trend continued while the price fell to the minimum of $ 404.25. However, if the downward pressure continues the price of Ethereum will reach the minimum of $ 381.25, today the ETH price is in a sideways tendency until a breakout is seen. [19659005] Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the Ethereum price bars are under the 12-day EMA and the EMA at 26 days indicating a downward trend in progress The relative strength index period 14 is level 40 indicating

Short-term trend ETH / USD: bullish

In the 1 hour chart, the price of Ethereum is in a lateral trend. The MACD line and the signal line are below the zero line indicating a sales signal. The price of Ethereum is neither lower nor higher than the 12-day EMA and the 26-day EMA indicating that the price is in the lateral trend zone

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