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/ Ultima / 2018/12 / Ethereum-ETH-price-analysis-December-10 /
Price analysis of Ethereum (ETH) – 10 December
Ethereum ETH-money-analysis-Dec-10
- On the upside, the bulls will face the sale at the $ 100 level.
- The price of encryption will be supported at the price of $ 84 if the downward trend begins.
Ethereum chart from the view of trading
ETHUSD Medium-term trend: bearish
- Resistance levels: $ 230, $ 240, $ 250
- Support levels: $ 80, $ 70, $ 60
Last week the price of Ethereum was in a bearish trend. The bulls peaked at $ 123 as they moved higher. On December 2, the bulls resisted the price level of $ 120 and the crypt fell to a low of $ 91.27. Today, the price of the crypt is fluctuating above the price level of $ 91. As the price varies, a price break is imminent. If the bulls get the price up, they will have to face the sale at the $ 100 level.
On the other hand, if the bears break the movement tied to the interval, the price of the crypt will find support at the price level of $ 84. Meanwhile, the price of Ethereum is lower than the EMA of 12 days and the 26-day EMA indicates that the price is in the bearish trend zone. The stochastic indicator is in the interval above 20% indicating a bullish moment and a purchase signal.
Short-term trend of ETHUSD: bearish
Ethereum chart from the view of trading
On the short-term trend, the price of Ethereum was in a lateral trend. On 7 December, the price of the crypt dropped to a minimum of $ 83. Later, the price of the crypto was floating below and above the 12-day EMA and the 26-day EMA. Today, the price is lower than the 12-day EMA and the 26-day EMA indicates that the price is likely to fall.
The period 14 of the relative resistance index is level 44 which indicates that the price is in the lateral trend zone.
The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your research.
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