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

Yesterday, November 29, the price of Ethereum was in a sideways trend. The crypto’s price was ranging above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. On November 27, the price of Ethereum was in a bullish trend, where the price rose from $107 to the high of $127.

There was a suggestion that if the $120 price level was held traders should initiate long trades. However, the crypto's price was not held  and trades cannot be initiated at that level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price is Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

On the 1-hour chart, the crypto's price is in a sideways trend. The crypto's price is ranging above and below the 12-day EMA and the 26-day EMA indicating a sideways trend.Presently, the price of Ethereum is below 12-day EMA and the 26-day EMA indicating 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.

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