ETH / USD long-term trend: bearish
Resistance levels: $ 260, $ 280, $ 300
Support levels: $ 200, $ 180, $ 160
The ETHUSD pair had been bearish for the entire month of September 2018. On September 1, the ETH price has a balance of $ 282.80. On September 2, the digital asset resisted and hit the low of $ 181.77. From then on, the price of the digital currency had been between the levels of $ 200 and $ 250. Currently, the price of Ethereum depreciated by 23.37% and is fluctuating above the price of $ 200.
However, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Ethereum is lower than the 12-day EMA and the 26-day EMA which indicates that the downward trend is underway. Period 14 of the relative resistance index is level 35 which indicates that the market is oversold and advises the bulls to take control of the market.
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