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Ethereum chart from the view of trading
ETHUSD Medium-term trend: bearish
- Resistance levels: $ 230, $ 240, $ 250
- Support levels: $ 110, $ 100, $ 90
Yesterday, the ETHUSD pair was in a bearish trend zone as the crypta exceeds the price level of $ 120. In retrospect, on December 15th, the ETH price started its bullish trend and the bulls took the price for the zone. uptrend. On January 6, the crypt reached a maximum of $ 165.86, but the bulls resisted and the crypt began its bearish trend.
On 10 January the bears broke the 12-day EMA, the 26-day EMA and the price fell to a minimum of $ 129.50. In the last week, the price of the crypt was swinging above the price level of $ 120. If bears break below the price level of $ 120, Ethereum will depreciate further.
Meanwhile, the stochastic indicator is still in the oversold region but below the 20% 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
In the 4-hour chart, the price of Ethereum is in a bearish trend zone. Since January 10, the price of Ethereum has fallen to a minimum and has given way to a series movement. The price of the crypto was lower than the EMA and had exceeded the price level of $ 120. After the movement of the range of action, a price rupture is expected.
Meanwhile, the stochastic indicator is out of the overbought region but above the 25% range. This indicates that the price of Ethereum is in a bullish momentum and a buy signal.
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