2018-8-17 11:59 |
Resistance Levels: $290, $300, $310
Support Levels: $270, $260, $250
Yesterday, August 16th, the ETH price was in a bullish trend. The ETH price reached the high of $293.56 yesterday but was resisted and price fell to the low of $282.93. Today, the price of Ethereum is in another bullish trend and it is currently trading at $297.65 as at the time of writing. The current price of the cryptocurrency is likely to be resisted as price reaches the $300 price level.
The price of Ethereum is currently range bound between the levels of $300 and $250. These levels can only be broken during a bullish or bearish breakout. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 51 which indicates that price is in the sideways trend zone.
ETH/USD Short-term Trend: BullishOn the 1-hour chart, the ETH price is in a sideways trend. The price of the cryptocurrency is fluctuating between the levels of $300 and $250. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Ethereum is above the 26-day EMA and the 12-day EMA which indicates that a bullish trend is ongoing.
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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