Resistance Levels: $330, $340, $350
Support Levels: $300, $290, $280

Yesterday, September 3, the price of Ethereum was in a range-bound zone fluctuating between the levels of $ 320 and $260. Traders were advised that in a ranging market a cryptocurrency be could be traded by trading the upper and lower level of prices until the digital currency come out of the range-bound zone. Today, the price of Ethereum is range bound and the market is quiet.

In the last three days, the price of the cryptocurrency has been stable below the $300 price level. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is neither below nor above 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 47 which indicates that price is in the sideways trend zone.

On the 1-hour chart, the price of Ethereum is in a sideways trend. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling.

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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