Long-term trend ETH / USD:
refueling: $ 330, $ 340, $ 360
Demand Zone: $ 260, $ 240, $ 220
The bearish trend has brought the ETH price to reach the oversold region of the market: the price of Ethereum has reached the minimum of $ 260 and is now in a lateral trend. the levels of $ 320 and $ 260. The price of the digital currency is currently $ 280 as at the time of writing. The price is likely to fluctuate within the limit zone within a couple of days to come. Then you can exchange key levels .
If the support level at $ 260 is on hold, traders must start long trades and exit near the resistance zone, however, the MACD line and the signal line are on par with the zero line indicating s a neutral signal. In addition, the price of Ethereum is lower than the 12-day EMA and 26-day EMA indicating that downward pressure is underway. The Relative Strength 14 index 14 is level 36 which indicates that the market is oversold which advises the bulls to take control of the market.
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