Ethereum (ETH) Daily Price Forecast – January 17

2019-1-17 09:25

ETH/USD Medium-term Trend: Bearish Resistance Levels: $240, $250, $260 Support Levels: $100, $90, $80

Yesterday, January 16, the price of Ethereum was in a bearish trend zone. The crypto’s price is below the 12-day EMA and the 26-day EMA, which indicates that the ETH price is likely to fall. Presently, the crypto’s price is trading above the $120 price level.

It was earlier assumed that if the bears broke the $120 price level, the crypto would find support at the $102 and $110 price levels. Today the ETH price is ranging at the $124 price level. Meanwhile, the stochastic is out the overbought region but above the 25% range which indicates that Ethereum is in a bearish momentum and a sell signal. The MACD line and the crypto’s price is below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in the bearish trend zone. The 12-day EMA and the 26-day EMA are trending horizontally indicating that Ethereum is in a sideways trend. Today bears broke below the 12-day EMA and it is  attempting to break above the EMAs.
The Stochastic is out of the overbought region but above the 25% range and it is in a horizontal pattern indicating that Ethereum is in a bullish momentum and a buy 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.

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Ethereum (ETH) на Currencies.ru

$ 3777.2 (-0.23%)
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