ETH / USD Mid-term trend: bullish
Levels of resistance: $ 330, $ 340, $ 350
Levels of support: $ 300, $ 290, $ 280
Yesterday, August 28, the price of Ethereum was in a rising trend: it was assumed that if the price had broken the upper limit of the area, the cryptocurrency would have reached the maximum of $ 350 and $ 400. Otherwise, if the price was resisted, traders should exit from their long negotiations.Today, the cryptocurrency has not yet managed to exceed the upper level of the limit zone, rather the price is countered at the upper level.
The ETH price is probably floating between the pending area when the price breaks at the upper level, however, the MACD line and the signal line are above the zero line indicating a purchase signal. In addition, the price of Ethereum is superior to the 12-day EMA and the 26-day EMA which indicates that the uptrend is underway. The Relative Strength Index period 14 is level 66 which indicates that the price is in the uptrend zone.
ETH / USD short-term trend: bullish
In the 1-hour chart, the price of Ethereum is in an uptrend. The MACD line and the signal line are above the zero line indicating a purchase signal. The price of Ethereum is higher than the 12-day EMA and the 26-day EMA indicating that the price is rising.
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