Medium-term trend ETH / USD: bearish
Resistance levels: $ 240, $ 250, $ 260
Support levels: $ 150, $ 140, $ 130
Last week the price of Ethereum was in a bearish trend. The price of the crypt was fluctuating above the $ 200 level when the price of Ethereum was rejected by the 12-day EMA. This resistance dropped the crypt to a minimum of $ 178.18 and started another movement tied to the interval. From the chart, the price of the crypt was again rejected by the 12-day EMA.
The price has dropped back to a minimum of $ 155. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. The price of the crypto is lower than the 12-day EMA and the 26-day EMA which indicates that the price is in the downtrend zone.
Short-term trend ETH / USD: bearish
In the 1 hour chart, the digital currency has a downward trend. On November 15, cryptography dropped to a low of $ 171.47 and dropped to a maximum of $ 180.85. So he started a movement with an action radius. The price of the crypt was opposed by the EMA that would make the digital currency fall. On the other hand, the crypt can respect the previous minimum and started a bullish movement.
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