Prediction of the daily price of Ethereum (ETH) – 10 December

Medium-term trend ETH / USD: bearish

• Resistance levels: $ 240, $ 250, $ 280
• Support levels: $ 80, $ 70, $ 60

Last week the price of Ethereum was in a bearish trend. On December 7, the downward trend ended and fell to a low of $ 87.94. Later, the crypt began a movement with a range of action that caused an uptrend that broke the 12-day EMA and the 26-day EMA upward. The price is now falling as it has faced resistance to the $ 100 price level.

If the crypt breaks the $ 100 level, Ethereum will resume its uptrend. The ETH price is less than 12 days EMA and the 26-day EMA indicates that the price is likely to decrease. Furthermore, the MACD line and the signal line are above the zero line indicating a purchase signal.

Short-term trend ETH / USD: bearish

In the 1 hour chart, the price of the crypt is in a downward trend. The price of the encryption dropped to a minimum of $ 85.54 and began to fluctuate below and above the 12-day EMA and 26-day EMA. The price is now below the EMA indicating that the price is likely to decline.

Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. The stochastic indicator is in the range of less than 20%, which indicates that Ethereum has a bearish moment and a sell signal.

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