Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Last week the price of Ethereum was in a sideways trend. There has been no significant price movement as the digital currency moves in a horizontal pattern. The digital currency fluctuates between the levels of $225 and $ 233. A trade recommendation during a period of consolidation will lead to a loss of capital because the market is not trending.Today the price of Ethereum is likely to rise to reach the highs of $240 price level.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is rising.

On the 1-hour chart, the price of Ethereum fell to the low of $220 and rose to the high of $225. The price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is rising.The MACD line and the signal line are above the zero line which indicates a buy signal.The Relative Strength Index period 14 is level 82 which indicates 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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