2018-10-3 09:32 |
Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160
Yesterday, October 2, the price of Ethereum was in the bearish trend. Today, price fluctuation is over because the cryptocurrency is in a bearish trend. Price of the digital currency is now approaching the $200 price level. In this bearish trend, the critical support of the $200 price level is likely to be tested or broken. This will result in the digital currency falling to the low of $170.57.
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 35 which indicates that the market is oversold suggesting bulls to take control of the market.
ETH/USD Short-term Trend: BearishOn the 1-hour chart, the price of Ethereum is in a bearish trend. The ETH price is moving toward the critical support level of $200. The price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.
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