Forecast of the daily price of Ethereum (ETH) – December 19th

ETH / USD Medium-term trend: bullish

• Resistance levels: $ 240, $ 250, $ 280
• Support levels: $ 100, $ 80, $ 60

Yesterday, December 18th, the price of Ethereum was in a lateral trend. On December 17, the ETH price closed at $ 98.81 after an uptrend. After that, the price of the crypt has been on a sideways trend after facing resistance at the $ 98 level. The price of the crypt is higher than the 12 day EMA and the 26 day EMA which indicates that the price is destined to rise.

The price of the crypt broke the resistance to $ 100 in price and approached the price of $ 105. On the other hand, if the price breaks under the 12-day EMA and the EMA of 26 days, encryption will resume its downward trend. 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 indicates that the price is in the uptrend zone.

Short-term ETH / USD trend: bullish

In the 1 hour chart, the price of the cryptic was in an uptrend. The price of Ethereum reached the maximum of $ 99.20 and started a movement with a range of action. The price of the crypt is fluctuating below and above the 12-day EMA.

If the price breaks under the 12-day EMA and the 26-day EMA, the encryption will resume its downward trend. On the upside, the price of the cryptic has a tendency to exceed the EMA but must break resistance to reach other price levels.

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