2019-1-17 09:25 |
Yesterday, January 16, the price of Ethereum was in a bearish trend zone. The crypto’s price is below the 12-day EMA and the 26-day EMA, which indicates that the ETH price is likely to fall. Presently, the crypto’s price is trading above the $120 price level.
It was earlier assumed that if the bears broke the $120 price level, the crypto would find support at the $102 and $110 price levels. Today the ETH price is ranging at the $124 price level. Meanwhile, the stochastic is out the overbought region but above the 25% range which indicates that Ethereum is in a bearish momentum and a sell signal. The MACD line and the crypto’s price is below the zero line which indicates a sell signal.
ETH/USD Short-term Trend: BearishOn the 1-hour chart, the crypto's price is in the bearish trend zone. The 12-day EMA and the 26-day EMA are trending horizontally indicating that Ethereum is in a sideways trend. Today bears broke below the 12-day EMA and it is attempting to break above the EMAs.
The Stochastic is out of the overbought region but above the 25% range and it is in a horizontal pattern indicating that Ethereum is in a bullish momentum and a buy signal.
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origin »Ethereum (ETH) на Currencies.ru
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