Forecast of the daily price of Ethereum (ETH) – 6 August



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ETH / USD Medium-term trend:

Resistance levels: $ 420, $ 440, $ 460
Support levels: $ 400, $ 380, $ 360

Last week, the price of Ethereum was in a sideways trend between the levels of $ 480 and $ 420. The ETH price broke the support level of the range range.Today, the price of Ethereum is fell to a minimum of $ 400.36 and another lateral trend had begun

Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price bars of Ethereum are below the 12-day EMA and the 26-day EMA indicates that the downward trend is ongoing: the period relating to the strength index 14 is the level 44 indicating that ch and the price is in the lateral trend zone.

ETH / USD short-term trend: Bulli sh

In the 1-hour chart, the price of Ethereum is in a lateral trend. The MACD line and the signal line are above the zero line indicating a purchase signal. The price of Ethereum is on the rise because the price bars of Ethereum are higher than the 26-day EMA and the 12-day EMA. If the price of Ethereum had decreased support levels, the support levels would have been violated.

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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