ETH / USD Long-Term Trend: Bearish
Strength Levels: $ 240, $ 260, $ 280
Levels of Support: $ 200 , $ 180, $ 160
The ETHUSD pair is currently in a movement with a radius of action. In September, the price of Ethereum was bearish in the first eleven days. The ETH price with an initial balance of $ 282.80 reached a maximum of $ 302.20 and resisted the $ 300 level. The price fell to a low of $ 169.75 and started a movement with a radius of 39; action. Currently, the ETH price fluctuates above the price level of $ 220.
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 Relative Strength Index period 14 is level 35 which indicates that the market is oversold which suggests bulls take control of the market.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute advice. Always do your research.