Price analysis of Ethereum (ETH) – December 17

Ethereum chart from the view of trading

ETHUSD Medium-term trend: variable

• Resistance levels: $ 230, $ 240, $ 250
• Support levels: $ 80, $ 70, $ 60

Last week the ETHUSD couple was still in a movement with a range of action. The price of the crypt varies between the levels of $ 83 and $ 91. The movement had been characterized by small body candlesticks. From the daily chart, the ETH price is lower than the 12-day EMA and the 26-day EMA indicating that it is in the bearish trend zone.

The price of the crypt has a tendency to fall. The movement linked to the interval will result in a price breakout expected in the days to come. If the price breaks below the price level of $ 83. The ETH price will find support between the lows of $ 75 and $ 80. On the upside, if the price breaks the $ 91 level, the ETH price will reach the maximums of $ 100 and $ 110

ETHUSD Short-term trend: variable

Ethereum chart from the view of trading

In the 4-hour chart, the price of Ethereum is in a lateral trend. Last week, the price of the crypt dropped to a minimum at $ 83.17 and started a bullish movement. The price of the crypt broke the 12-day EMA, the 26-day EMA and reached the maximum of $ 88.80. Today, the ETH price is trading at $ 92.88 as at the time of writing.

Meanwhile, the relative relative strength index period 14 is level 63 which indicates that the price of the crypt is in the uptrend zone.

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