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Medium-term trend ETH / USD: bearish
Resistance levels: $ 240, $ 250, $ 280
Support levels: $ 100, $ 90, $ 80
Yesterday, December 4, the price of Ethereum was in a bearish trend. There have been no significant price movements in the last 24 hours. The price of the crypt is oscillating under the 12-day EMA and all price movements have been countered by the 12-day EMA. From the daily chart, the digital currency has not been able to break the 12 day EMA and the 26 day EMA.
This indicates that the price of Ethereum should not increase. Meanwhile, the MACD line and the signal line are below the zero line indicating a sales 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. If the price checks the lower price level of $ 100 and the level is valid; traders should start long operations in advance.
Short-term trend ETH / USD: bearish
In the 1 hour chart, the price of the crypt is in a downward trend. Today, the upward trend has interrupted the 12-day EMA and the 26-day EMA and triggered the movement of the beam above it. But the price of the crypt has fallen again under the EMA, which will result in a 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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