ETH/USD
Medium-term Trend: Ranging
Resistance Levels: $240,
$260, $280
Support Levels: $200, $180, $160
Support Levels: $200, $180, $160
Yesterday, October 24, the
ETH/USD pair was in a sideways trend. Yesterday, the crypto’s price reached a
high of $208. The digital currency was resisted at a price of $207 and price
fell to the low of $203.58. The crypto now fluctuates above the $200 price
level between the levels of $203 and $207.
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 price is in the bearish trend zone. As price is in the
bearish trend zone, the bears may have upper hand above the bulls.
ETH/USD Short-term Trend: Bearish
On the 1-hour chart, the
price of Ethereum is in a bearish trend. The digital currency fell to the low
of $203 and it commenced a bullish movement. The bulls resisted the bears from
breaking the major support level.The crypto’s price is below the 12-day EMA and
the 26-day EMA which indicates that price is falling. The MACD line and the
signal line are below the zero line which indicates a sell 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.
Source: www.bitcoinexchangeguide.com
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