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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 downtrend has fallen to a low of $ 107.20 and has shrunk to the limit. In the 4-hour chart, the price of the crypt was fluctuating below and above the 12-day EMA and 26-day EMA. On December 1, the bulls made a bullish movement over the 12-day EMA and the 26-day EMA indicating that the price is expected to rise.
The two EMAs provide support for the price of Ethereum. Today, the price of the crypt has broken down EMAs, the digital currency will resume its downward trend. Cryptography has fluctuated above the price level of $ 100 after the bearish breakout. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. The price is Ethereum under the 12-day EMA and the 26-day EMA indicating that the price is in the bearish trend zone.
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 crypto is lower than the 12-day EMA and the 26-day EMA indicates that the price is in a downward trend. The digital currency is in the bearish trend zone and is likely to decrease if it is countered by the EMA.
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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