Medium-term trend ETH / USD: bearish
- Resistance levels: $ 240, $ 250, $ 260
- Support levels: $ 100, $ 90, $ 80
Last week, the price of Ethereum was in the bearish and bullish trend zone. On January 18, the ETH price was in the bearish trend zone as the bulls broke the 12-day EMA, the 26-day EMA and the price reached the maximum of $ 136.32. On January 19, the price of the cryptic made a retracement of the prices, but the bears broke the 12-day EMA, the 26-day EMA and the price fell to $ 118.94.
In the previous analysis, it was assumed that if the bears broke the price level of $ 120, the crypt would be further depreciated. Today the price of the crypt is lower than the EMA; so it is likely that Ethereum falls. Meanwhile, the MACD line and the signal line are below zero lone indicating a sales signal.
Short-term ETH / USD trend: bullish
In the 1 hour chart, the price of encryption is in the bearish trend zone. On January 20, the bears broke the 12-day EMA, the 26-day EMA and the price fell to $ 118.30. The price of the crypt is now in a movement linked to the interval. Meanwhile, the price of the crypt is lower than the EMA indicating that Ethereum is likely to fall. The MACD line and the price of encryption are below the zero line indicating a sales signal.
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