Mid-term trend ETH / USD:
Strength levels: $ 275, $ 276, $ 277
Levels of support: $ 270, $ 269 , $ 268
Yesterday, August 20, the price of Ethereum was in a bearish trend. The price of cryptocurrency fell to a minimum of $ 283.72. Today, the price of Ethereum depreciated to a minimum of $ 274.25. However, if the bearish trend continues, the price of Ethereum is likely to revisit the previous minimum of August 14, 2018.
Meanwhile, the price of Ethereum is trying to make a bullish movement at the resistance level. However, the MACD line and the signal line are on a par with the zero line indicating a neutral signal. In addition, the price of ETH is lower than the 12-day EMA and the 26-day EMA which indicates that the price is in the downward trend. The Relative Strength Index period 14 is level 35 which indicates that the market is oversold which suggests bulls take control of the market.
ETH / USD short-term trend: bullish
hour table, the ETH price is in a downward trend. The cryptocurrency has fallen to a minimum of $ 270.09. Subsequently, the price of BTC is making a bullish movement compared to the previous highs. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. The price of Ethereum is below the 26-day EMA and the 12-day EMA indicates that a downward trend is under way.
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