2018-12-24 09:03 |
Resistance Levels: $240, $250, $280
Support Levels: $130, $120, $110
Last week the price of Ethereum was in a bullish trend as the price rose from the high of $88.49 to the high of $133.29. It was envisaged last week that price might face resistance at the $120 price level. The $120 resistance level had been broken and the price was above the $140 price level.
The crypto’s price is trending above the 12-day EMA and the 26-day EMA. The price is likely to rise to the $200 price level but may face resistance at the $180 price level. Meanwhile, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.
ETH/USD Short-term Trend: BullishOn the 1-hour chart, the crypto's price was in a bullish trend. Last week, the crypto’s price rose to the high of $120 price level but was resisted. The price was range bound at that level until it was broken upward. The crypto’s price has reached a high of $150.82 but it is currently retracing for a possible resumption of the bullish trend.
Meanwhile, the crypto’s price is above the EMAs which indicates that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.
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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