Forecast of long-term prices of Ethereum (ETH)


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ETH / USD Mid-term trend: Bearish [19659004] Strength levels: $ 320, $ 330, $ 340
Levels of support: $ 290 $ 280, $ 270

The price of Ethereum was downtrend at the beginning of August 2018. The balance of Cryptocurrency opening was $ 431.86. The cryptocurrency was between the levels of $ 480 and $ 440. The lower level of the area's limit zone was interrupted during a bearish breakout. The ETH price fell to the minimum level of $ 409.15 and started another movement linked to a range.The price of Ethereum is currently trading $ 312.75 but may fall to a minimum of $ 300 which is the next level of support [19659005]

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 37 which indicates that the market is oversold which suggests bulls take control of the market.

The opinions and opinions expressed herein do not reflect that of and do not constitute advice. Always do your research.

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