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Ethereum chart from the view of trading
ETHUSD Medium-term trend: bullish
- Resistance levels: $ 230, $ 240, $ 250
- Support levels: $ 150, $ 130, $ 110
Yesterday, the price of Ethereum was in a bearish trend. The ETH price was closed yesterday at a price of $ 152.58. The price of the crypt fell in support of the 12-day EMA. Before this time, the price of the crypt had been rejected at the price of $ 160 on three occasions. The bulls were not able to break the $ 160 level.
If the bulls broke the $ 160 level, the crypt would rise to a maximum of $ 220. However, the crypt dropped to a low of $ 152.58 yesterday. On the downside, if the bears break the $ 150 level, the crypt will fall to the minimum of $ 135. Today, the price of Ethereum is making another bullish movement to test the level of resistance.
Meanwhile, the stochastic indicator is out of the overbought region but below the 80% range, indicating 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. Today, the price of the crypt has reached the maximum of $ 162.76 but has been rejected. Bears broke the 12-day EMA and the 26-day EMA at the minimum of $ 154.19. However, the price of the crypto is likely to decline because the price is in the bearish trend zone.
Meanwhile, the stochastic indicator is below the 60% range, but the blue band is making a U-turn. This indicates that the price of Ethereum is in a bullish momentum, but the bulls they seem to have exhausted their bullish pressure.
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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