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Price analysis of Ethereum (ETH) – January 18th

Ethereum, ETHUSD, CryptoCompare chartEthereum 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, ETHUSD, CryptoCompare chartEthereum 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.

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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