Ethereum (ETH) Daily Price Forecast – February 15

2019-2-15 09:08

ETH/USD Medium-term Trend: Ranging Resistance Levels: $240, $250, $260 Support Levels: $100, $90, $80

Yesterday, February 14, the price of Ethereum had been consistent in its sideways trend. The crypto’s price had been ranging above the 12-day EMA and the 26-day EMA for about a week. The ETH price bars are now ranging above the 26-day EMA. On the downside, if the bears break below the 26-day EMA, the crypto will fall below the EMAs signaling the resumption of a downward trend.

On the upside, if the bulls commence its bullish movement and break the resistance level at $130, the crypto will reach a high of $160. 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 the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a bullish trend zone. The crypto’s price is fluctuating above and below the 12-day EMA and the 26-day EMA. The crypto’s price is currently in the bullish trend zone.

The bulls have made attempt to break above the EMAs. This has been the scenario as the price fluctuates above the EMAs. Meanwhile, the MACD line and the signal are below the zero line which indicates a sell signal. Also, the crypto’s price is above the EMAs which indicates that price is likely to rise.

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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