Yesterday, December 10, the price of Ethereum was in a bearish trend. Yesterday, the bearish trend broke the 12-day EMA and the 26-day EMA and price fell to the bearish trend zone. The crypto's price fell to the low of 91.44 and price made a bullish movement to the EMAs.

The price of Ethereum is ranging below the EMAs but is above the $90 price level. If the bears break this level of price, the price Ethereum will find support at the $84 price level. Meanwhile, the price of ETH is below 12-day EMA and the 26-day EMA indicating price is likely to fall. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

On the 1-hour chart, the crypto's price is in a bullish trend. On December 10, the crypto’s price broke the 12-day EMA and the 25-day EMA and commenced range bound movement below the EMAs. The crypto’s price candlesticks have broken the EMAs to the upside. This will enable the crypto to rise. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the price of ETH is above 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone.

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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