Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Yesterday, October 25, the ETH/USD pair was in a sideways trend but the overall trend is bearish. The digital currency has been fluctuating above the $200 price level in the last twelve days. On the 4-hour chart, the price bars of an Ethereum are horizontally above the $200 price level. Our MACD indicator is also horizontally flat because a sideways trend is ongoing.

However, a breakout is imminent in the nearest future. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell 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. There is no trade recommendation for now because the market is said to be in a range bound movement.

On the 1-hour chart, the price of Ethereum is in a bearish trend The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. 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.

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