Ethereum (ETH) Daily Price Forecast – August 1

2018-8-1 11:54

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $440, $450, $460
Support Levels: $420, $410, $400

Yesterday, July 31, the price of Ethereum was in a downward trend. The ETH price was falling at the time of a bearish trend and price broke the support level of the range bound zone. The price of Ethereum is now trading at $431,32 as at the time of writing. The bearish trend is now in a sideways trend and traders should exit their short trades and take partial profits.

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 below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 30 which indicates that market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the ETH price is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal. The price of Ethereum is below the 26-day EMA and the 12-day EMA which indicates that a bearish 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.

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Ethereum (ETH) на Currencies.ru

$ 3513.43 (-0.37%)
Объем 24H $14.681b
Изменеия 24h: -2.22 %, 7d: -4.21 %
Cегодня L: $3487.28 - H: $3646.56
Капитализация $422.153b Rank 2
Цена в час новости $ 426.16 (724.44%)

price trend ethereum eth bearish support levels

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