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ETH / USD Medium-term trend: bullish
Resistance levels: $ 240, $ 260, $ 280
Support levels: $ 180, $ 160, $ 140
Yesterday, November 1, the price of Ethereum was in a lateral trend. It was fluctuating above the price level of $ 196.50 and the price was in the bearish trend zone. Today, Ethereum is in the uptrend zone. The price is expected to rise, but will face a price resistance of $ 220.
Traders should start long exchanges at the $ 200 level; then a stop loss below the price level of $ 196.50. The price level of $ 200 is Ethereum's critical support level.
Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Ethereum is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone.
Short-term ETH / USD trend: bullish
In the 1 hour chart, the digital currency has an uptrend. The price of the crypt is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone. The MACD line and the signal line are above the zero line indicating a purchase signal.
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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