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AndTH / USD Medium-term trend: variable
Resistance levels: $ 260, $ 280, $ 300
Support levels: $ 200, $ 180, $ 160
Yesterday, October 3, the price of Ethereum was in a bearish trend. The ETH price fell from a maximum of $ 230.11 to a minimum of $ 217.32 and started a bullish movement. The $ 200 level is the main support level of Ethereum, so traders should start long trades at this level in anticipation of an uptrend.
The ETH price should reach and exceed resistance at $ 240. The price of Ethereum is trading at $ 225.57 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Ethereum is higher than the 12-day EMA and the 26-day EMA which indicates that an upward trend is under way. The index 14 of the relative resistance is the level 50 which indicates that the price is in the lateral trend zone.
Short-term ETH / USD trend: bullish
In the 1 hour chart, the price of Ethereum is in an uptrend. The price of Ethereum is higher than the 12-day EMA and the 26-day EMA which indicates that an upward trend is under way. 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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