Price analysis of Ethereum (ETH) – 12 November

Ethereum chart from the view of trading

ETHUSD Medium-term trend: variable

Resistance levels: $ 230, $ 235, $ ​​240

Support levels: $ 205, $ 200, $ 195

Last week the ETHUSD pair was in a bullish trend. From the bullish trend, the price of the crypto had a resistance to the price of $ 220. The resulting effect was a fall to the minimum of $ 211.67 and ETH started a movement related to the & # 39; interval. The appearance of spins and candlesticks Doji explains the indecision of buyers and sellers at the price level of $ 211.67.

From price action, the price of the crypt is higher than the 12-day EMA and the 26-day EMA indicates that the price is likely to rise. If the price level of $ 200 holds traders should start long negotiations in anticipation of an uptrend. The Stochastic is in the range of 60 indicating a buy signal and the price momentum is rising upwards.

ETHUSD Short-term trend: variable

Ethereum chart from the view of trading

On the short-term trend, the price of Ethereum is in a lateral trend. The price of the crypt is neither higher nor lower than the 12-day EMA and 26-day EMA, indicating that the price is in the lateral trend zone. Meanwhile, the Relative Strength Index 14 period is level 51 indicating that the price is in a sideways trend. The crypt is likely to encounter another price breakout.

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