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AndTH / USD Medium-term trend: variable
- Resistance levels: $ 240, $ 250, $ 280
- Support levels: $ 130, $ 120, $ 110
Last week the price of Ethereum was in a lateral trend. On 28 December, the price of the crypto was in an uptrend zone as the price reached the maximum of $ 142.15 and began a movement linked to the range below and above the $ level. 140. The price of the crypt is likely to increase because it exceeds the 12-day EMA and the 26-day EMA.
If the bulls break above the $ 140 level and maintain control over it, the crypt will rise to the previous minimum of $ 150 and $ 160 price levels. On the downside, if the price of the crypto was rejected after the range range movement, the ETH will fall to the lows of $ 130 and $ 120 price levels.
Short-term trend ETH / USD: variable
On the 1 hour chart, the price of the crypt was in a lateral trend. The ETH price exceeds 12-day EMA and 26-day EMA, but currently decreases and breaks EMAs down to the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the stochastic is in the 20% range, which indicates that Ethereum is in the bullish momentum.
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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