Ethereum remains above the $ 100 slowdown in sales

Ethereum chart from the view of trading

ETHUSD Medium-term trend: variable

• Resistance levels: $ 230, $ 240, $ 250
• Support levels: $ 100, $ 90, $ 80

The ETHUSD pair had fluctuated above the $ 100 level as the price reached the oversold region of the market. The price of Ethereum is lower than the 12-day EMA and the 26-day EMA indicates that the price is in the downtrend zone. Furthermore, the period 14 of the relative resistance index is level 28, which indicates that the price has reached the oversold region of the market. In other words, it seems that the bears have exhausted their bearish pressure for now.

Short-term trend in the price of Ethereum: variable

Ethereum chart from the view of trading

On the short-term trend, the price of Ethereum is in a lateral trend. On 27 November, the cryptocurrency dropped to a minimum at $ 102.20 and started a bullish movement of up to $ 124. The price level of $ 102 is now the current level of support while the price level of $ 124 is the current level of resistance. The bears were not able to break below the $ 102 level.

On December 1, the bulls resisted the price of $ 120, and the bears brought the price to a minimum on December 3rd. Meanwhile, the price of the crypt is lower than the 12-day EMA and the 26-day EMA indicates that the price is likely to fall. In addition, the stochastic indicator is in the range of less than 20%, which indicates that the crypt has a downward pulse and a sell signal.

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