[ad_1]
Medium-term trend ETH / USD: bearish
Resistance levels: $ 260, $ 280, $ 300
Support levels: $ 200, $ 180, $ 160
Yesterday, October 2, the price of Ethereum was in the bearish trend. Today, price fluctuations are over because the cryptocurrency has a downward trend. The price of the digital currency is approaching the price level of $ 200. In this bearish trend, the critical support of the price level of $ 200 is likely to be tested or broken. This will result in the fall of the digital currency to a minimum of $ 170.57.
Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Ethereum is lower than the 12-day EMA and the 26-day EMA which indicates that a downward trend is under way. Period 14 of the relative resistance index is level 35 which indicates that the market is oversold and advises the bulls to take control of the market.
Short-term trend ETH / USD: bearish
In the 1 hour chart, the price of Ethereum is in a downward trend. The ETH price is moving towards the critical support level of $ 200. The price of Ethereum is lower than the 12-day EMA and the 26-day EMA which indicates that there is a downward trend. The MACD line and the signal line are below the zero line indicating a sales 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
