2018-8-17 11:59 |
Resistance Levels: $290, $300, $310
Support Levels: $270, $260, $250
Yesterday, August 16th, the ETH price was in a bullish trend. The ETH price reached the high of $293.56 yesterday but was resisted and price fell to the low of $282.93. Today, the price of Ethereum is in another bullish trend and it is currently trading at $297.65 as at the time of writing. The current price of the cryptocurrency is likely to be resisted as price reaches the $300 price level.
The price of Ethereum is currently range bound between the levels of $300 and $250. These levels can only be broken during a bullish or bearish breakout. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 51 which indicates that price is in the sideways trend zone.
ETH/USD Short-term Trend: BullishOn the 1-hour chart, the ETH price is in a sideways trend. The price of the cryptocurrency is fluctuating between the levels of $300 and $250. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Ethereum is above the 26-day EMA and the 12-day EMA which indicates that a bullish trend is ongoing.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
origin »Ethereum (ETH) на Currencies.ru
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