ETH / USD Medium-term trend: bullish
- Resistance levels: $ 240, $ 250, $ 280
- Support levels: $ 130, $ 120, $ 110
Yesterday, December 25, the price of Ethereum was in an uptrend. In an uptrend, the price of the crypt broke the 12-day EMA, the 26-day EMA on the upside, and the price remained above the EMA. If the price remains above the price level of $ 130, the crypt risks revisiting the previous maximum of $ 160.
On the downside, if the price falls below the $ 130 level, the crypt will find support at the $ 110 level. Meanwhile, the stochastic is outside the oversold region and is in the lower range of 80% indicating that Ethereum has a bullish moment and a buy signal.
Short-term ETH / USD trend: bullish
In the 1 hour chart, the price of the cryptic was in an uptrend. Firstly, the price of the crypt is higher than the 12-day EMA and the 26-day EMA which indicates that the price is expected to rise. The price of the crypt will increase to reach the previous level of $ 160 in price.
Meanwhile, the MACD line and the signal are above the zero line indicating a purchase signal. In addition, the Stochastic is approaching the overbought region but below the 80% range, which also indicates that the crypt is in a bullish momentum and a buy signal.
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