Prediction of the daily prices of Ethereum (ETH) – 31 October

Medium-term trend ETH / USD: bearish

Resistance levels: $ 240, $ 260, $ 280
Support levels: $ 180, $ 160, $ 140

Yesterday, October 30, the price of Ethereum was still in the bearish trend zone. The price of encryption dropped to a minimum of $ 195.97 and started a movement linked to the interval above it. Meanwhile, as the bearish pressure continues, the price should fall to its previous low of $ 190. Traders should look for purchase configurations if the price falls.

Long trades must be started in anticipation of a bull market. 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 indicating that the price is in the bearish trend zone.

Short-term trend ETH / USD: variable

In the 1 hour chart, the price of Ethereum is in a lateral trend. Since the price of the crypt fell to a minimum of $ 195.16, Ethereum began a movement linked to the interval. The price of the crypto is lower than the 12-day EMA and the 26-day EMA which indicates that the price is decreasing. 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.