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AndTH / USD Medium-term trend: variable
Resistance levels: $ 240, $ 250, $ 280
Support levels: $ 100, $ 90, $ 80
Yesterday, December 5, the price of Ethereum was in a bearish trend. The digital currency fell to a low of $ 103, which was the lowest level in the price range. Since November 25, the price of the crypt had been staggered between the levels of $ 100 and $ 125. The price of Ethereum is expected to decline as the price has reached the lower price range.
However, the uptrend is expected at the $ 100 level. In the meantime, the price of the crypto is less than 12 days EMA and the 26-day EMA indicates that the price is likely to decline. Furthermore, the MACD line and the signal line are below the zero line indicating a sales signal. If bears break the $ 100 level, the digital currency will depreciate and will be out of reach. On the other hand, if the price levels of $ 100 hold traders, look at the purchase settings in order to start long exchanges.
Short-term trend ETH / USD: bearish
In the 1 hour chart, the price of the crypt is in a downward trend. The digital currency fell to a low of $ 103.50 and started a limited range. Meanwhile, the price is below 12 days EMA and 26 days EMA, indicating that the price is likely to fall. The digital currency is expected to increase as it is testing the lowest price level.
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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