ETH / USD long-term trend: bearish
- Resistance levels: $ 350, $ 370, $ 390
- Support levels: $ 120, $ 100, $ 80
The price of Ethereum is currently in the bearish trend zone. The ETHUSD pair is trading above the price level of $ 120 in the bearish trend zone. The ETH price is now lower than the 12-day EMA and the 26-day EMA indicating that the price is expected to decline. If the bears break the price level of $ 120, the crypt is likely to find support at the lows of $ 102 and the levels of $ 110.
On the upside, the bulls are facing resistance at the $ 130 level. If the bulls break the $ 130 level, the crypt will reach the maximum of $ 160. In the meantime, the stochastic is out of the oversold region, but above of the 60% range indicates that Ethereum is in a bullish momentum and a buy signal. The MACD line and the signal line are below the zero line indicating a sales signal.
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