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ETH / USD medium-term trend:
Resistance levels: $ 240, $ 260, $ 280
Support levels: $ 200, $ 180, $ 160
Yesterday, September 18, the Ethereum's price was rising trend. When the cryptocurrency dropped to a minimum of $ 194.62, the price began a movement linked to the interval. The price level of $ 200 was supposed to be the main support level, but it was broken by the price. Now in terms of support, an uptrend has increased and is approaching the price of $ 212.24. The price of Ethereum is now in the previous limit zone.
Today, if the upward trend continues, the cryptocurrency will reach the top level of the price range, which is the price of $ 280. However, the MACD line and the signal line is below the zero line indicating a signal of sale. In addition, the price of Ethereum is higher than the 12-day EMA and the 26-day EMA which indicates that the upward trend is underway. The period 14 of the relative resistance index is the level 53 indicating that the price is in the lateral trend zone.
ETH / USD short-term trend: bullish
In the 1-hour chart, the price of Ethereum is in an uptrend. In a short time, the price is higher than the 12-day EMA and the 26-day EMA indicating that the price increases. The MACD line and the signal line are above the zero line indicating a purchase signal.
The opinions and opinions expressed herein do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
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