ETH/USD
Long-term Trend: Bullish
·
Resistance Levels: $350, $370, $390
·
Support Levels: $140, $120, $100
The ETH/USD pair was in a
bullish trend zone in the month of February. On February 1, the crypto has an
opening balance of $108.61. On February 28, the ETH price closed trading at a
price of $138.17. The crypto appreciated by 27% of its capitalization in the
month of February. On February 8, the bulls broke above the EMAs to the
bullish trend zone. The ETH price rose to a high of $163.78. However, the price
of Ethereum faces resistance at the $160 price level. On February 24, the
crypto’s price made a downward correction as the price fell to the low of
$135.20.
The bulls made a pulled back as the crypto now
ranges above the $138 price level. Today, ETH price is trading at $139.83 as at
the time of writing. Meanwhile, the MACD line and the signal line are above the
zero line which indicates a buy signal. The crypto’s price is below the 12-day
EMA and the 26-day EMA which indicates that price is in the bearish trend zone.
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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