Ethereum $ ETH Price Outlook: Bullish – allcoinsnews.com



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@KittyBitcoin logo

12 December 2018 20:02 UTC

Action price

The price of $ ETH has increased over twenty-four hours. The last price at the time of printing is $ 90.13. In the trading of light volumes of Binance the daily variation is 3.44% or $ 3:

$ ETH Change of price
period % $
24 hours 3:44 $ 3
7 days -12.27 $ -12.6
1 month -57.61 $ -122.47

Promoted

Trend

the trend is DOWN

[Latendenzaè"down"quandoil[Trendis"down"whenthe[Latendenzaè”giù”quandoil[Trendis”down”whentheweekly price movement is predominantly downward.]

Graphic

Tap / click to enlarge:

ETH-USDT-binance twenty-four-chart-2018/12/12

Remarks

technicals

Moving Average Convergence Divergence (MACD)

The MACD on the four-hour chart is bullish.

[MACD is a trend-following momentum indicator]

Exponential Moving Averages (EMA)

period average
7 days $ 89.28
25 days $ 90.56
99 days $ 106.40

The short-term EMA is below the medium- and long-term EMA, but is ready to cross the medium-term EMA, heading north. This is a bullish state. Furthermore, the bull crossover could trigger further bullish gains.

[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]

Relative Strength Index (RSI)

The Relative Resistance Index on the chart at one hour is 59.5. This is a neutral state.

The RSI is firmly in neutral territory because the RSI of an hour, two, four, six and twelve hours are all neutral.

[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]

Bitcoin price modifier

The 24-hour Bitcoin exchange rate is 2.73%. This can exercise a bullish influence on Ethereum today.

[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]

Ethereum $ ETH Price Outlook

bullish
  • the price perspective of Ethereum $ ETH is bullish
  • if the price finds acceptance at higher levels, immediate resistance is printed at 91.31
  • if the price finds acceptance at lower levels, immediate support is printed at 88.87

Resistance levels: 91.31 98.70 100.00 118.00 130.81

Support levels: 88.87 87.00 85.00 82.07

Invalidation: this perspective is no longer valid if the activity took place outside the resistance or support levels or outside the short-term analysis period.

Independent comparison

Comparing our perspectives with independent and automated results from Investing.com:

Good: Ethereum $ ETH

Period: time

Summary: neutral

Moving averages: sell

Technical indicators: strong purchase

Revelation

The author does not hold Ethereum $ ETH at the time of writing.

Information about @KittyBitcoin

Thank you for reading 🙂

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