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/ Ultima / 2019/01 / Ethereum-ETH-price-analysis-January-11 /
Price analysis of Ethereum (ETH) – 11 January
Ethereum ETH-money-analysis-January-11
- The ETH price has a strong downward impulse in the short and medium term trend.
- If the bears break the $ 120 level, the crypt will find support for the levels of $ 102 and $ 110.
Ethereum chart from the view of trading
ETHUSD Medium-term trend: bullish
- Resistance levels: $ 230, $ 240, $ 250
- Support levels: $ 120, $ 110, $ 90
The price of Ethereum was in a bearish trend as the crypt fell below the bearish trend zone. The ETH price fell due to its inability to break the $ 160 level. The crypt fell after three unsuccessful attempts at resistance. The price of Ethereum is now lower than the 12-day EMA and the 26-day EMA indicates that the price of Ethereum is likely to depreciate.
The price of the crypto is currently trading at the level of $ 126. However, if the bears break the $ 120 level, the crypt will find support at the levels of $ 102 and $ 110. Meanwhile, the stochastic indicator is out of the overbought region but below the 40% range, which indicates that the price of Ethereum is in a bearish momentum and a sell signal.
Short-term trend of ETHUSD: bearish
Ethereum chart from the view of trading
On the 4-hour chart, the price of Ethereum is in a bearish trend zone. Bears broke the 12-day EMA and the 26-day EMA at the minimum level of $ 126.68. The 12-day EMA and the 26-day EMA are trending south to indicate the downward trend. In the meantime, the stochastic indicator is in the oversold region below the 20% range because the blue and red bands are horizontally flat.
This indicates that the price of Ethereum has a strong downward impulse and a sales signal.
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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