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Medium-term trend ETH / USD: bearish
Resistance levels: $ 240, $ 250, $ 280
Support levels: $ 100, $ 90, $ 80
Last week the price of Ethereum was in a bearish trend. The digital currency was lower than the 12-day EMA and the 26-day EMA which indicated that the price was going to fall. On November 19, the price of the crypto was countered by the 12-day EMA and the price fell in a downward trend.
The digital currency dropped to a minimum of $ 107.57, but the price of the crypto was still within the bearish trend zone. Today, the price is making a bullish movement from its lows, but it may be in front of the 12-day EMA. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. The price is likely to remain bearish provided that the cryptography is less than 12 days EMA and 26 days EMA.
Short-term trend ETH / USD: variable
In the 1 hour chart, the price of the crypt is in a lateral trend. On November 25, the digital currency fell to a low of $ 103.58 and started a bullish movement. The bullish candlestick broke the 12-day EMA and the 26-day EMA indicating that the price is rising. The 12-day EMA now provides support for the digital currency. If the price breaks the EMA at 26 days and remains above it, the crypt is likely to increase. But if it has fallen below the 26-day EMA, the crypt will probably continue its downward trend.
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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