Medium-term trend ETH / USD: bearish
- Resistance levels: $ 240, $ 250, $ 280
- Support levels: $ 130, $ 120, $ 110
Yesterday, December 27, the price of Ethereum was in a bearish trend. On December 25th, the price of encryption dropped to a minimum of $ 128 and the price started a movement linked to the interval above that level. Yesterday, the 12-day EMA and the 26-day EMA resisted a candelabra on the downside and the price fell to a low of $ 118.57.
The downward trend has not been exhausted as the price continues its fall. The stochastic indicator entered the oversold region below the 20% range. This implies that the price of Ethereum is in strong downward pressure and a sales signal. Meanwhile, the price of the crypto is lower than the 12-day EMA and the 26-day EMA which indicates that the price is in the bearish trend zone.
Short-term trend ETH / USD: bearish
On the 1 hour chart, the price of the crypt was in a bearish trend. The price of Ethereum is lower than the 12-day EMA and 26-day EMA indicating that the price is in the bearish trend zone. On December 27th, there were two levels of movement of the ray of action.
The first level of movement related to the range was the price of the crypt that ranged at a price of $ 126.66 before it broke. The movement of the second interval was priced at $ 119.50. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal.
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