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ETH / USD Medium-term trend: bullish
Resistance levels: $ 240, $ 250, $ 280
Support levels: $ 100, $ 90, $ 80
Yesterday, November 28, the price of Ethereum was in an uptrend. The price of the crypt broke the price level of $ 120 and the price is variable at that level. Likewise, the price of Ethereum is now in the uptrend zone. Traders should start long trades at the levels of $ 120 if the level is valid. Furthermore, a stop loss must be placed below the price level of $ 120.
Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. The price of Ethereum is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone. The price of the crypt is likely to increase as long as the price is higher than the EMA.
Short-term ETH / USD trend: bullish
In the 1 hour chart, the price of the crypt is in an uptrend. The digital currency is in an uptrend while the price is making a series of higher highs and higher lows. Currently, the price of the crypt is rising from its recent maximum. Meanwhile, the price is lower than the 12-day EMA and the 26-day EMA indicating that the price is in the bearish trend zone. Furthermore, the MACD line and the signal line are above the zero line indicating a purchase signal.
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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