2018-10-22 10:02 |
Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160
Last week the ETH/USD pair was in a bullish trend. On October 15, the digital currency reached the high of $242.62 in a price rally but pulled back to the low of $214.31. Later, the crypto’s price fell to the low of $204.93 and commenced a range bound movement. Today, the crypto’s price is still ranging above the $200 price level.
Price of Ethereum is likely to continue its range bound movement as the 12-day EMA and the 26-day EMA are horizontally flat. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.
ETH/USD Short-term Trend: BullishOn the 1-hour chart, the price of Ethereum is in a bullish trend. The crypto’s price likely to rise because the price is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend zone. The MACD line and the signal line are below the zero line which indicates a sell 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.
origin »Ethereum (ETH) на Currencies.ru
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