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ETH / USD medium-term trend: Bearish
Resistance levels: $ 240, $ 260, $ 280
Support levels: $ 180, $ 160, $ 140
Yesterday, 10 September, the price of Ethereum was in a bearish trend. In the bearish trend, the support level greater than $ 200 was interrupted by the price spike, the price was $ 196.60 as yesterday. Today, the cryptocurrency continues to have the same price of $ 196.32. There were no significant price movements.
The ETH price should be in the range range movement. And if the cryptocurrency engages in a range range movement, it is preparing for another breakout. However, the MACD line and the signal line are below the zero line indicating a sell signal. Also, the price of Ethereum is lower the 12-day EMA and the 26-day EMA indicating that the downward trend is under way, the relative Relative Resistance Index period 14 is level 34 which indicates that the market is he is oversold who advises the bulls to take control of the market.
ETH / USD short-term trend: Ranging
In the 1 hour chart, the price of Ethereum is in lateral tendency. The price of Ethereum is falling after a bullish movement. The MACD line and the signal line are below the zero line indicating a sales signal.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
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