ETH/USD Long-term Trend: Bearish

Resistance Levels: $350, $370, $390
Support Levels: $100, $80, $60

The ETH/USD pair was bearish in the month of November 2018. In the first two weeks, the digital currency was range bound as the crypto was fluctuating above the $200 price level. On November 14, Ethereum had a bearish breakout that made the crypto to fall in a downward trend. On November 1, the crypto had an opening balance of $198.41 but the crypto fell to the low of $113.54 as at the time of writing. The price of Ethereum lost about 42.77% of its capitalization.

The crypto is likely to fall in the month of December 2018. Meanwhile, the price of Ethereum is likely to fall because the price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. 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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