Resistance Levels: $240, $250, $280
Support Levels: $100, $90, $80

Yesterday, December 3, the price of Ethereum was in a bearish trend. Presently, the price of Ethereum is fluctuating between the levels of $100 and $130 in the last one week. On December 3, the crypto's price was resisted by the 12-day EMA and price fell in a downward trend. The digital currency fell to the low of $108.14 and pullback.

Price of Ethereum is in a range bound movement. If the digital currency falls, it will reach the lower price level of $100 and it will pullback. On the other hand, if it is in a bullish trend, it will face resistance at the $130 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price is Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

On the 1-hour chart, the crypto's price is in a sideways trend. The crypto's price fell to the low of $108.14 and commenced a range bound movement. The price is resisted by the 12-day EMA, and if the price is resisted the crypto will continue its downward trend. On the other hand, if price breaks the EMAs, the crypto is likely rise.

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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