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ETH / USD Medium-term trend:
Resistance levels: $ 280, $ 285, $ 290
Levels of support: $ 270, $ 265, $ 260
Last week the price of Ethereum was in a lateral trend. The cryptocurrency oscillates between the $ 320 and $ 260 levels. On August 22nd the price has reached the maximum of $ 288.06, but the bears pullback price to the lower range of the area. The price is still in the lower end of the area. The price of Eth is set at the range and the market it's calm.The price of the cryptocurrency is still the same as the last week
The price will fluctuate in the same way in a couple of days to come. Meanwhile, the MACD line and the signal line are below the zero line that indicates a sell signal. In addition, the price of ETH is higher than 12 -day EMA and the 26-day EMA indicating that the price is uptrend 14 is level 42 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 lies laterally trend. The ETH price is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in an uptrend. 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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