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ETH / USD Medium-term trend: bullish
- Resistance levels: $ 240, $ 250, $ 280
- Support levels: $ 90, $ 80, $ 70
Yesterday, December 17, the price of Ethereum was in an uptrend. The price of the crypt broke the EMA and was negotiating in the uptrend zone as at the time of the price breakout. It has been suggested that the price of Ethereum would be increased if the price of the crypt had remained above the EMA. The 26-day EMA provided support for the price of the crypt which eventually led to the uptrend.
The bulls took the price while they were in the uptrend zone and reached a maximum of $ 98.81. The price of the crypt broke the EMA and is now trading in the uptrend zone. The price of Ethereum will rise if the price of the crypt remains above the EMA. EMAs now provide support for the price of the crypt. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. In addition, the price of ETH is higher than the 12-day EMA and the 26-day EMA indicates that the price is in the uptrend zone.
Short-term ETH / USD trend: bullish
In the 1 hour chart, the price of the cryptic was in an uptrend. On December 17, the crypt began a bullish movement and broke the 12-day EMA and the 26-day EMA. The ETH price is now traded above the EMA. There is a likelihood that the price will increase if the price remains in the uptrend zone. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. In addition, the price of encryption is more than 12 days EMA and the 26-day EMA indicates that the price is in the uptrend zone.
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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