Medium-term trend ETH / USD: bearish
Resistance levels: $ 240, $ 260, $ 280
Support levels: $ 180, $ 160, $ 140
Yesterday, October 29, the bears broke the $ 200 level. The digital currency fell to a low of $ 197.31 and began a movement related to the interval. The price of the crypt is still able to test the previous lows of $ 180 or $ 190. The digital currency was previously between the levels of $ 200 and $ 240.
The price has now fallen below the lower price range. If the digital currency falls to its previous lows, traders should start long negotiations. Their stop loss order should be placed below the price level of $ 180. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Ethereum is lower than the 12-day EMA and the 26-day EMA indicating that the price is in the bearish trend zone.
Short-term trend ETH / USD: bearish
In the 1 hour chart, the price of Ethereum is in a downward trend. The price is now below and above the price level of $ 197. The price of the crypt is lower than the 12 day EMA and the 26-day EMA indicates that the price is decreasing. The MACD line and the signal line are below the zero line indicating a sales signal.
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