Predictions of the daily price of Ethereum (ETH) – 16 January

Medium-term trend ETH / USD: bearish

• Resistance levels: $ 240, $ 250, $ 260
• Support levels: $ 100, $ 90, $ 80

Yesterday, January 15, the price of Ethereum was in a bearish trend zone. The bulls had taken the price at the price level of $ 134.50 when the crypto resistance was facing the price level of $ 133. Today bears have broken the 12-day EMA and the EMA 26 days and the price fell to $ 121.

As the price of the crypto is lower than 12 days EMA and 26 days EMA, the ETH price could probably decrease. The price of the crypt is likely to revisit the previous minimum of $ 116.79. Meanwhile, the Stochastic is out of the overbought region but above the 20% interval indicating that Ethereum has a bullish moment and a buy signal. The MACD line and the signal are below the zero line indicating a sales signal.

Short-term trend ETH / USD: bearish

In the 1 hour chart, the price of encryption is in the bearish trend zone. Yesterday, the price of the crypto dropped to $ 118.19 and began a bullish movement for the 12-day EMA and the 26-day EMA. The price of the crypto is lower than the EMA, trading at the price level of $ 123.04.

The price of Ethereum is expected to decline because it is in the bearish trend zone. The stochastic is outside the oversold region but below the 80% range indicates that Ethereum is in a bullish momentum and a buy signal.

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