Medium-term trend ETH / USD: bearish
- Resistance levels: $ 240, $ 250, $ 280
- Support levels: $ 130, $ 120, $ 110
Yesterday, December 24th, the price of Ethereum was in an uptrend. The price of the crypt was higher than 12 days for EMA and 26 days for EMA, which indicates that the price should increase. The price of the crypt was also in trend on the 12-day ETMA as a support level. Yesterday it was expected that the price of the cryptic would probably reach the maximum level of $ 200, but it could be faced with a resistance level of $ 150 and $ 180.
Today, the price of the crypt has collapsed and has broken the 12-day EMA and is approaching the 26-day EPA. On the downside, if the price breaks the $ 130 level, the crypt will be in the bearish trend zone. Meanwhile, the stochastic indicator is out of the overbought region and is included in the interval of less than 20%, which implies that Ethereum is in a downward trend a sell signal.
Short-term trend ETH / USD: bearish
In the 1 hour chart, the price of the crypt is in a downward trend. The price of the crypt has collapsed and has broken the 12-day EMA and the 26-day EMA which indicates that the price is in the bearish trend zone. The price of Ethereum has fallen to a minimum of $ 128 and the price will depreciate further. Meanwhile, the stochastic is in the oversold region above the 20% range. This implies that Ethereum is in a bullish momentum and a buy signal.
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