ETH / USD Mid-term trend:
Resistance levels: $ 330, $ 340, $ 350
Support levels: $ 300, $ 290, $ 280
Yesterday, 3 September, the price of Ethereum was in a zone of oscillation ranging between the levels of $ 320 and $ 260. Traders were advised that in a market that goes a cryptocurrency could be exchanged by swapping the upper and lower levels of prices until the digital currency will not exit the range.Today, the price of Ethereum is range bound and the market is quiet.
Over the past three days, the cryptocurrency price has remained stable below the $ 300 level. MACD line and the signal line are above the zero line indicating a purchase signal Furthermore, the price of Ethereum is neither lower nor higher than 12-by y EMA and the 26-day EMA indicating that the downward trend is underway: period 14 of the relative resistance index va is level 47 which indicates that the price is in the lateral trend zone.
ETH / USD short-term trend: range
In the 1-hour chart, the price of Ethereum is in a lateral trend. The price of Ethereum is lower than the 12-day EMA and the 26-day EMA which indicates that the price is falling.
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