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ETH / USD Medium-term trend: bullish
Resistance levels: $ 240, $ 260, $ 280
Support levels: $ 180, $ 160, $ 140
Last week, the price of Ethereum was fluctuating below and above the $ 200 level. On November 4, the digital currency made a bullish movement compared to the previous high. The price of the crypt reached the price level of $ 220 and was rejected. The price of Ethereum has lowered to the price level of $ 212 and started and the bullish movement.
Today, the ETH price is higher than the exponential moving averages and the price should increase. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. In addition, the price of Ethereum is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone.
Short-term ETH / USD trend: bullish
In the 1 hour chart, the digital currency has an uptrend. The price of the crypt is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone. The MACD line and the signal line are above the zero line indicating a purchase signal. The price is likely to interrupt the 12-day EMA.
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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