ETH / USD Mid-term trend: bullish
Resistance levels: $ 300, $ 320, $ 340
Support levels: $ 280, $ 260, $ 240
Yesterday, August 27, the price of Ethereum was on the trend side. The market was relatively quiet and the price was at the lowest level in the range range area. Today, the ETH price is in an uptrend that is approaching the upper level of the area limit zone. If the price breaks, the upper level of the range price range will reach the highs of $ 350 and $ 400.
On the other hand, if the bulls were resisted at the upper level, then the price will fall and continue its movement linked to the range between the levels of $ 320 and $ 260. Traders should also exit all their long negotiations. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. In addition, the price of ETH is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in an uptrend. The period 14 of the relative resistance index is level 61 which indicates that the price is in the uptrend zone.
Short-term trend ETH / USD: bullish
In the 1 hour chart, the ETH price is in an uptrend. The ETH price is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in an uptrend. The MACD line and the signal line are above the zero line indicating a purchase signal.
The opinions and opinions expressed herein do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.