ETH/USD
Medium-term Trend: Bearish
Resistance Levels : $500,
$505, $510
Support Levels: $485, $480, $475
Support Levels: $485, $480, $475
Price of ETH/USD pair was
also in a bearish trend. The asset was trading at $520.92 and later fell the
low of $460.78. From the 4-hour chart, price touched the lower Bollinger band
and also at the second low. This gives the asset a buy signal. Nevertheless,
the MACD line and the signal line are neither above nor below the zero line
indicating a neutral signal.
In addition, the 12-day EMA
and the 26-day EMA are neither below nor above the price of the asset
indicating a neutral signal. However, from the price action, the asset had been
in a range bound movement.Meanwhile, the relative strength index period 14 is
level 45 indicates that price is in the range bound zone.
ETH/USD Short-term Trend: Bearish
On the
1-hour chart, price of Ethereum is in a bearish trend. The MACD line and the
signal line are below the zero line indicating a sell signal. In addition, the
12-day EMA and the 26-day EMA are above the price of the asset which indicates
that the bearish trend is ongoing.
The views and opinions
expressed here do not reflect that of BitcoinExhangeGuide.com and do not
constitute financial advice. Always do your own research.
Source: www.bitcoinexchangeguide.com 
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