Resistance Levels: $240, $250, $280
Support Levels: $100, $90, $80

Yesterday, November 28, the price of Ethereum was in a bullish trend. The crypto’s price has broken the $120 price level and the price is fuctuating at that level. Similarly, the price of Ethereum is now in the bullish trend zone. Traders should initiate long trades at the $120 price levels if the level holds. Also, a stop loss should be placed below the $120 price level.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. The crypto’s price is likely to rise as long as the price is above the EMAs.

On the 1-hour chart, the crypto's price is in a bullish trend. The digital currency is in a smooth uptrend as the price is making a series of higher highs and higher lows. Presently, the crypto's price  is retracing from the recent high. Meanwhile, the price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

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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