ETH / USD Middle term Trend: Rang: Ranging
Resistance levels: $ 330, $ 340, $ 350
Support Levels: $ 300, $ 290, $ 280
Last week the price of Ethereum was bearish. The price was above the $ 400 level. The bears took the price to the minimum of $ 306 , 66th August 11th. The bulls brought the price up to $ 325.34 and the digital currency started a sideways trend. Today, the ETH price is currently priced at $ 319.16 in a lateral trend as at present The price of Ethereum is likely to rise so traders should look for purchase configurations to start long trades.
However, the MACD line and the signal line are below the zero line indicating a sales signal. the price of Ethereum is lower than the 12-day EMA and the 26-day EMA indicating that the downward trend is underway. x period 14 is level 31 which indicates that the market is oversold which suggests that the bulls take control of the market.
Short-term trend ETH / USD: range
In the 1 hour chart, the price of Ethereum is in a lateral trend. The MACD line and the signal line are below the zero line indicating a sales signal. The price of Ethereum is lower than the 12-day EMA and the 26-day EMA which indicates that the price is falling.
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