Pricing of the daily price of Ethereum (ETH) – 17 January

Medium-term trend ETH / USD: bearish

• Resistance levels: $ 240, $ 250, $ 260
• Support levels: $ 100, $ 90, $ 80

Yesterday, January 16, the price of Ethereum was in a bearish trend zone. The price of the crypto is lower than 12 days for EMA and 26 days for EMA, which indicates that the price of ETH will probably decrease. Currently, the price of encryption is trading above the price level of $ 120.

Previously it was thought that if the bears broke the $ 120 level, the crypt would have found support for the levels of $ 102 and $ 110. Today the ETH price varies at the price level of $ 124. Meanwhile, the stochastic is out from the overbought region but above the 25% range indicating that Ethereum is in a bearish momentum and a sell signal. The MACD line and the price of encryption are below the zero line indicating a sales signal.

Short-term trend ETH / USD: bearish

In the 1 hour chart, the price of encryption is in the bearish trend zone. The 12-day EMA and the 26-day EMA are in a horizontal trend indicating that Ethereum is in a lateral trend. Today the bears have broken under the 12 day EMA and are trying to overcome the EMA.
The Stochastic is outside the overbought region but above the 25% range and is in a horizontal pattern that indicates that Ethereum is in a bullish momentum and a buy signal.

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