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/ Ultima / 2019/01 / Ethereum-ETH-price-analysis-January-4 /
Price analysis of Ethereum (ETH) – 4 January
Ethereum ETH-money-analysis-January-4
- The price of the crypt was twice rejected at the resistance of $ 160.
- If the bulls break the resistance at $ 160, the crypt will gather at the levels of $ 180 and $ 220.
Ethereum chart from the view of trading
ETHUSD Medium-term trend: bullish
- Resistance levels: $ 230, $ 240, $ 250
- Support levels: $ 150, $ 130, $ 110
The ETHUSD pair had a bearish trend yesterday. The price of the crypto was rejected because it tested the resistance at $ 160.72. The ETHUSD pair was initially rejected on December 24, when the price reached a maximum of $ 163.50. Today, the price of Ethereum is making the third attempt to exceed the $ 160 level.
On the upside if the bulls manage to break the resistance, the crypt will gather at the levels of $ 180 and $ 220. On the negative side, if the bulls fail to break the $ 160 level, the cryptography can fall to the level of $ 130 In the meantime, the stochastic indicator is in the overbought region above the 80% range. This indicates that the price of Ethereum is in a strong bullish momentum.
ETHUSD Short-term trend: bullish
Ethereum chart from the view of trading
On the 4-hour chart, the price of Ethereum was in a bearish trend yesterday. The ETH price fell to the 12-day EMA. The 12-day EMA served as a support for the bulls, as the crypt makes another attempt at the resistance level. Meanwhile, the price of the crypt is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone.
Similarly, the stochastic indicator is approaching the overbought region but is above the 60% range. This indicates that Ethereum has a bullish moment and a buy 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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