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.
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