ETH/USD
Medium-term Trend: Ranging
Resistance Levels: $260,
$280, $300
Support Levels: $200, $180, $160
Support Levels: $200, $180, $160
Yesterday, September 26, the
ETHUSD pair was in a bullish trend. Price of the digital currency had been
fluctuating above the $200 price level. Then at a price of $211.27, the ETH
price made a bullish movement to the high of $222.39. Presently, the cryptocurrency
is in a range bound movement and price may face resistance at the $220 price
level.
Nevertheless, 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 44 which indicates that price is in the sideways trend zone.
ETH/USD Short-term Trend: Ranging
On the 1-hour chart, the
price of Ethereum is in a sideways trend. The digital currency is fluctuating
between the levels of $200 and $220. The price is below the 12-day EMA and the
26-day EMA which indicates that price is in a bearish trend. 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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