ETH / USD Medium-Term Trend: Bullish
Resistance Levels: $ 240, $ 260, $ 280
Levels of Support: $ 180 , $ 160, $ 140
Yesterday September 12, the price of Ethereum was in a lateral trend. The price of Ethereum dropped to a minimum of $ 167.32 and started a sideways trend. Later he made a bullish movement at the previous maximum. Today, cryptocurrency is likely to withstand the price of $ 192.64.
The price of Ethereum should reach the $ 200 level if the resistance is exceeded. However, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Ethereum is lower than the 12-day EMA and the 26-day EMA which indicates that the downward trend is underway. The period 14 of the relative resistance index is the level 52 which indicates that the price is in the lateral trend zone.
ETH / USD short-term trend: bullish
In the 1-hour chart, the price of Ethereum is in an uptrend. The MACD lines are all bullish. The price of Ethereum is rising because the 12-day EMA and the 26-day EMA are higher than the cryptocurrency price. The MACD line and the signal line are above the zero line indicating a purchase signal.
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