Forecast of the daily price of Ethereum (ETH) – 7 August



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ETH / USD Mid-term trend:

Resistance levels: $ 410, $ 420, $ 430
Support levels: $ 390, $ 380, $ 370

Yesterday, the ETH price was in a bearish trend that caused the range-bound breakdown The downward trend continued while the price fell to the minimum of $ 404.25. However, if the downward pressure continues the price of Ethereum will reach the minimum of $ 381.25, today the ETH price is in a sideways tendency until a breakout is seen. [19659005] Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the Ethereum price bars are under the 12-day EMA and the EMA at 26 days indicating a downward trend in progress The relative strength index period 14 is level 40 indicating

Short-term trend ETH / USD: bullish

In the 1 hour chart, the price of Ethereum is in a lateral trend. The MACD line and the signal line are below the zero line indicating a sales signal. The price of Ethereum is neither lower nor higher than the 12-day EMA and the 26-day EMA indicating that the price is in the lateral trend zone

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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