Medium-term trend ETH / USD: bearish
Resistance levels: $ 240, $ 250, $ 280
Support levels: $ 100, $ 90, $ 80
Yesterday, November 26, the price of Ethereum was in a bearish trend. On November 25th, the digital currency dropped to a minimum of $ 107.57 and made a retracement to the 12-day EMA. The 12-day EMA now acts as a resistance and this pushes the cryptocurrency to depreciate.
On November 26th, the crypto price was countered by the 12-day EMA and fell to a low of $ 107.47. Today, the digital currency is in the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. The price is lower than the 12-day EMA and 26-day EMA indicating that the price is in a bearish trend zone.
Short-term trend ETH / USD: bearish
In the 1 hour chart, the price of the crypt is in a downward trend. On 26 November, the digital currency broke the 12-day EMA and the 26-day EMA and the price fell below the EMA. The crypt has now resumed its downward trend, the 12-day EMA acts as a resistance level. The price is likely to reach a minimum of $ 100. There will be no commercial recommendations until bearish pressure is exhausted.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.