Resistance Levels : $ 450, $460, $470
Support Levels: $430, $420, $400

Last week, price of Ethereum was in a bearish trend and the bulls sustained price above the $400 price level during the week. The cryptoasset fell to its low at $413.04 but made a bullish movement and closed trading at a price of $451.91 on June 30. The cryptoasset is now in a sideways trend.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price bars of Ethereum are above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The relative strength index period 14 is level 55 which indicates that price is the sideways trend zone.

On the 1-hour chart, the price of Ethereum is in a sideways trend. The cryptoasset is trending horizontally above the $400 price level . Meanwhile, the MACD line and the signal line are neither above nor below the zero line which indicates a neutral signal. Also, the price bars of Ethereum is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Bitcoin price in Telegram @btc_price_every_hour

558 +