Yesterday, the price of Ethereum was in a bullish trend. Since on December 28, the crypto’s price had been above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. In my last previous analysis, it was assumed that if the crypto’s price broke the $140 price level and the price is sustained above it, the crypto would rise.

The crypto’s price is above the $140 price level and the price is expected at the $150 price level. Meanwhile, Stochastic is above the 60% range which indicates that Ethereum is in a bullish momentum and a buy signal.

On the 1-hour chart, the crypto's price is in a bullish trend. On January 1, the ETH price broke the 12-day EMA, the 26-day EMA and the $140 price level. The crypto’s price is expected to rise but may face resistance at the $150 price level.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the Stochastic is at the 60% range 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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