ETH / USD long-term trend: bearish
- Resistance levels: $ 350, $ 360, $ 370
- Support levels: $ 130, $ 120, $ 110
The ETH / USD pair had a bullish trend in the last week of December 2018. Also, in December, neither bulls nor bears have control over the price of Ethereum. Ethereum has an initial balance of $ 113.64 but closed trading at the price of $ 139.65 at the time of writing. In other words, Ethereum has obtained a 22% gain on its capitalization. From the weekly chart, the price of the crypt is in the bearish trend zone.
In the meantime, the price of the crypto is lower than the 12-day EMA and the 26-day EMA which indicates that there is a downward trend. The MACD line and the signal line are below the zero line indicating a sales signal. In addition, the stochastic is located in the oversold region but above the 20% range indicates that Ethereum has a bullish moment and a buy signal.
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