Forecast of daily prices of Ethereum (ETH) – 10 September


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ETH / USD Mid-term trend: Bearish [19659003] Resistance levels: $ 240, $ 260, $ 280
Levels of support: $ 180, $ 160, $ 140

Last week the ETH price was in a downtrend. On September 5, c & # 39; it was a downward peak that brought the price down to a minimum of $ 211.11. Afterwards, the price started a movement tied to the interval and dropped back to a minimum of $ 184.92. broke the main support level of the price of Ethereum which is the level of $ 200.

Traders must start long trades at the current price in anticipation of an uptrend, the price of Ethereum is expected to rise. MACD line and the signal line are below the zero line indicating a sales signal.In addition, the price of Ethereum is less than the 12 day EMA and EM 26-day A indicating that the downward trend is underway. The relative strength index period 14 is level 28 which indicates that the market is oversold which suggests bulls take control of the market.

Short-term trend ETH / USD: Ranging

In the 1 hour chart, the price of Ethereum is in a lateral trend. The price of Ethereum is lower than the 12-day EMA and the 26-day EMA which indicates that the price is in a downward trend. 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 and do not constitute financial advice. Always do your research.

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