AndTH / USD Medium-term trend: variable
Resistance levels: $ 260, $ 280, $ 300
Support levels: $ 200, $ 180, $ 160
Yesterday, October 1, the price of Ethereum was in a lateral trend. The ETH price fluctuates and moves horizontally above the $ 200 level. The market is quiet because there has not been a significant price movement. Bulls and bears seem to stop as price bars and moving averages move in a horizontal pattern. The commercial recommendation is not necessary as price action is very discontinuous.
However, the MACD line and the signal line are above the zero line indicating a purchase signal. In addition, the price of Ethereum is neither higher nor lower than the 12-day EMA and 26-day EMA, indicating that a sideways trend is under way. The period 14 of the relative resistance index is the level 52 which indicates that the price is in the lateral trend zone.
Short-term trend ETH / USD: variable
In the 1 hour chart, the price of Ethereum is in a lateral trend. The ETH price also moves horizontally with price bars. The price of Ethereum is neither higher nor lower than the 12-day EMA and 26-day EMA, indicating that a sideways trend is under way. The MACD line and the signal line are below the zero line indicating a sales signal.
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