Forecast of the daily price of Ethereum (ETH) – 16 August



Medium-term trend ETH / USD:

Resistance levels: $ 290, $ 300, $ 310
Levels of support: $ 270, $ 260 $ 250

Yesterday, August 15, the ETH price was rising, the cryptocurrency rose from a low of $ 258.60 in a bullish trend to a maximum of $ 303.86, but the upward movement was interrupted by the bears and the price fell to a minimum of $ 287.26 Today the price of Ethereum is still falling, the cryptocurrency has a sideways trend and will probably revise the previous minimum of $ 250.

However, the MACD line and the signal line are below the zero line Furthermore, the price of ETH is lower than the 12 day EMA and the 26 day EMA which indicates that a downward trend is ongoing The relative resistance index period 14 is level 4 2 which indicates that the price is in the lateral trend zone.

ETH / USD short-term trend: range

In the 1 hour chart, the ETH price is in a sideways trend. The ETH price is in a lateral trend after its fall from the $ 300 level. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. The price of Ethereum is higher than the 26-day EMA and the 12-day EMA which indicates that an upward trend is under way.

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

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