Yesterday, January 14, the price of Ethereum was in a bullish trend zone. The crypto’s price fell to the low of $116.79 and commenced a bullish movement to the 12-day EMA and the 26-day EMA. Today, the crypto’s price is above the EMAs and it is ranging above the $131.85 price level. The crypto’s price is expected to rise because the price is in the bullish trend zone.

Meanwhile, the stochastic is in the overbought region below the 80% range which indicates that Ethereum is in a bullish momentum and a buy signal. The MACD line and the signal line is above the zero line which indicates a buy signal.

On the 1-hour chart, the crypto's price is in the bullish trend zone. Yesterday, the crypto’s price fell to $118.19 and commenced a bullish movement to the 12-day EMA and the 26-day EMA. The crypto’s price is now above the EMAs, ranging above the $131.85 price level.

The price of Ethereum is expected to rise because it is in the bullish trend zone. The Stochastic is out of the overbought region but above the 20% range indicating that Ethereum is in a bullish momentum and 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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