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ETH / USD long-term trend: bearish
Resistance levels: $ 350, $ 370, $ 390
Support levels: $ 100, $ 80, $ 60
The ETH / USD pair had been bearish in the last three weeks of November 2018. On November 1, the price of Ethereum had an initial balance of $ 198.41, but fell to a low of $ 122.45. On November 14th, the 12-day EMA and the 26-day EMA resisted the price and the crypt fell into a downtrend. The bears that sold at the $ 200 level had been a tug of war between the bulls and the bears. The price level of $ 200 had been set in series in the last three months before its final break.
On November 24, the price of the crypt is trading at $ 122.45 as at the time of writing. The digital currency is in a downward movement when the price has reached the oversold region of the market. Meanwhile, the price of Ethereum is lower than 12 days for EMA and 26 days for EMA indicating that there is a downward trend. The MACD line and the signal line are below the zero line indicating a sales signal.
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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