2018-7-31 12:29 |
ETH/USD Medium-term Trend: Bearish
Resistance Levels: $470, $480, $490
Support Levels: $450, $440, $430
Yesterday, July 30, the price of Ethereum was still in the range bound zone. The ETH price is below the 12-day EMA and the 26-day EMA indicating that price is falling. If the cryptocurrency continue its fall and the support level is broken, the Ethereum price will find support at $381.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 30 which indicates that market is oversold suggesting bulls to take control of the market.
ETH/USD Short-term Trend: BearishOn the 1-hour chart, the ETH price is in a sideways trend. The MACD line and the signal line are below the zero line which indicates a sell signal. The price of Ethereum is below the 26-day EMA and the 12-day EMA which indicates that a bearish 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.
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