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.
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