ETH/USD Long-term Trend: Ranging
Resistance Levels: $250,
$270, $290
Support Levels: $180, $160, $140
Support Levels: $180, $160, $140
The ETH/USD pair was range
bound in the month of October 2018. The digital currency was ranging above the
$200 price level. On October 15, Ethereum had a price rally which made the
crypto to reach the high of $241.
The resistance at $240 made
the crypto to fall but managed to recover at $204.10. In the first week of
November, the digital currency is fluctuating below and above the $200 price
level.
Ethereum is
expected to continue its range bound movement. Today, the price of Ethereum is
currently trading at $202 as at the time of writing.
Meanwhile, 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.
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
No comments:
Post a Comment