2018-12-13 08:41 |
Yesterday, December 12, the price of Ethereum was in a bullish trend. Yesterday, the bulls took price and broke the 12-day EMA and the 26-day EMA but price immediately pullback. Today, the price of Ethereum is making a comeback as the bears broke the 12-day EMA and the 26-day EMA to the downside. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of ETH is below 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone.
ETH/USD Short-term Trend: BearishOn the 1-hour chart, the crypto's price is in a bullish trend. After its fall on December 11, the bulls took price and break the 12-day EMA and the 26-day EMA to the upside. If the bulls sustain hold above the EMAs, the price of Ethereum will rise.
The bears had taken over and had broken the exponential moving averages to the downside. Price is now in the bearish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a sell signal. Also, the crypto’s price is below 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone.
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