ETH/USD
Medium-term Trend: Bearish
Resistance Levels : $440,
$445, $450
Support Levels: $430, $425, $420
Yesterday, June 27, price of
Ethereum was on a downward trend. Today, the MACD line and the signal line are
below the zero line which indicates a sell signal. In addition, the 12-day EMA
and the 26-day EMA are above the price of Ethereum which indicates that the
bearish trend is ongoing.Yesterday, the bulls had resisted the bears at the
price of $420, that was why price was in a sideways trend.
The cryptoasset had been
ranging between the levels of $460 and $420 since price fell to the low of
$420. However, if that level at $420 had been broken, the cryptoasset would
find support at $380.The relative strength index period 14 is level 38 which
indicates that the market is nearing the oversold market condition suggesting
bulls to take control of the market.
ETH/USD Short-term Trend: Bullish
On the 1-hour chart, the
price of Ethereum is in a bullish trend. The MACD line and the signal line are
above the zero line which indicates a buy signal. Also, 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 views and opinions
expressed here do not reflect that of BitcoinExhangeGuide.com and do not
constitute financial advice. Always do your own research.
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