ETH/USD
Medium-term Trend: Bullish
Resistance Levels: $240,
$250, $260
Support Levels: $150, $140, $130
Support Levels: $150, $140, $130
Yesterday, April 3, the price
of Ethereum was in a bullish trend.
Yesterday, the bulls reached a high of $173.76 but were resisted. The price
retraced and resumed another bullish trend. The bulls tested the $175 price
level and were resisted again. The crypto’s price fell to the support of the
26-day EMA.
On the upside, if the support
of the 12-day EMA holds, the crypto’s price is likely to rise to retest the
$175 price level. On the downside, if the bears break below the EMAs, the
crypto’s price will continue its downward fall. Meanwhile, the MACD line and
the signal line are above the zero line which indicates a buy signal. The ETH
price is above the EMAs which indicate that price is in a bullish trend zone.
ETH/USD Short-term Trend: Bearish
On the 1-hour chart, the
crypto's price is in a bearish trend zone. The crypto’s price reached a high of
$176.36 but the bulls were resisted and the price fell to the support of the
12-day EMA. The bulls resumed another bullish trend at the support of the
12-day EMA and tested the $180 price level.
The price fell to the low at
$161 and commenced a range bound movement. Today, the ETH price is trading at
$164.21 as at the time of writing. Meanwhile, the MACD line and the signal line
are below the zero line which indicates a sell signal. Also, 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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