Prediction of the daily price of Ethereum (ETH) – 7 January

ETH / USD Medium-term trend: bullish

• Resistance levels: $ 240, $ 250, $ 280
• Support levels: $ 150, $ 130, $ 110

Last week the price of Ethereum was in an uptrend zone. The price of the crypt had tested the resistance level $ 160 to pass the level, but without success. Rather, the crypt had gone beyond the 12-day EMA and the 26-day EMA and below the resistance level. On 6 January, the price of Ethereum tested the resistance level and was again rejected.

Today, the price of the crypto is currently retracing and approaching the 12-day EMA and the 26-day EMA. In the meantime, the stochastic indicator is above the 40% range. This implies that Ethereum is in a bullish momentum and a buy signal. Meanwhile, 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 encryption is in an uptrend zone. The price of the crypt rose to a maximum of $ 165.86 and was opposed. The price is reviewed and you try to break under the 12-day EMA and the 26-day EMA. If the bears break below the EMA, the crypt will find support at the $ 140 level. The stochastic is above the 20% range, indicating that Ethereum has a bullish moment and a buy signal.

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