Yesterday, December 17, the price of Ethereum was in a bullish trend. The crypto’s price broke the EMAs and it was trading in the bullish trend zone as at the time of price breakout. It was suggested that the price of Ethereum would rise if the crypto’s price remained above the EMAs. The 26-day EMA provided support for the crypto’s price which eventually resulted in the bullish trend.

The bulls took price while in the bullish trend zone and reached the high of $98.81.The crypto’s price broke the EMAs and it is now trading in the bullish trend zone.The price of Ethereum will rise if the crypto’s price remains above the EMAs. The EMAs now provides a support for the crypto’s price. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of ETH is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone.

On the 1-hour chart, the crypto's price was in a bullish trend. On December 17, the crypto commenced a bullish movement and broke the 12-day EMA and the 26-day EMA. The ETH price is now trading above the EMAs. There is the likelihood that price will rise if price remains in the bullish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone.

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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