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ETH / USD Medium-term trend: bullish
- Resistance levels: $ 240, $ 250, $ 280
- Support levels: $ 100, $ 90, $ 80
Yesterday, December 20, the price of Ethereum was in an uptrend. The 12-day EMA provides support for the price of Ethereum. The 12-day EMA was used as a support as the price makes a series of higher highs and higher lows. On the upside, the price of the crypto is expected at the price level of $ 120, but could meet resistance at that level.
On the downside, if the crypto fails to break the price level of $ 120, Ethereum will fall and start a movement tied to the interval. Meanwhile, the price of the crypt is higher than 12 days for EMA and 26 days for EMA, which indicates that the price is likely to rise. Furthermore, the MACD line and the signal line are above the zero line indicating a purchase signal.
Short-term ETH / USD trend: bullish
In the 1 hour chart, the price of the cryptic was in an uptrend. The price of encryption is likely to increase because the price is higher than 12 days for EMA and 26 days for EMA. The Stochastic is included in the 20% range, which indicates that Ethereum has a bearish moment and a sell signal. However, the price of the crypt is higher than the 12-day EMA and 26-day EMA, which indicates that the price is likely to rise. 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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