Mid-term trend for ETH / USD: Bearish
Strength levels: $ 250, $ 270, $ 290
Support levels: $ 200 , $ 180, $ 160
Yesterday, September 5, the price of Ethereum was in a sideways trend: the price was fluctuating between the levels of $ 320 and $ 260 before the advent of the bearish breakout. the lowest level of a price range of $ 260, the cryptocurrency has fallen to a minimum at $ 212, the first lowest since the beginning of this year. The price has dropped when the price has fallen to a minimum $ 212.
Traders are looking for purchase settings to start a long trade as soon as downward pressure is over. Meanwhile, the MACD line and the signal line are below the zero line indicating a signal In addition, the price of Ethereum is lower than 12-day EMA and the EMA of 26 days which indicates that the downward trend is under way. The reference period 14 is the level 13 which indicates that the market is oversold which suggests bulls take control of the market.
Short-term trend ETH / USD: Bearish
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 decreasing. 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 BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.