2018-9-28 08:55 |
Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160
Yesterday, September 27, the ETHUSD pair was in a bullish trend. Initially, the price fell to the low of $209.75 and commenced a bullish movement. The bulls had been able to defend the critical support of $200. Today the bullish trend is continuing and the price is approaching the $230 price level.
As the digital currency progress, it may face resistance at the $240 price level. However, 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 above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 60 which indicates that price is in the bullish trend zone.
ETH/USD Short-term Trend: BullishOn the 1-hour chart, the price of Ethereum is in a bullish trend. The digital currency was fluctuating above the $215 price level before embarking on a bullish trend. The price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates 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.
Similar to Notcoin - Blum - Airdrops In 2024