Ethereum (ETH) Long Term Price Forecast

2018-7-14 13:27

ETH/USD Long-term Trend: Bearish

Resistance Levels: $450, $460, $470
Support levels: $420, $410, $400

The Ethereum price had been on a downward trend since the previous month of June. During the period of one month, the cryptocurrency had traded above the $400 price level despite the bearish trend. However, there are indications that the price of Ethereum will further depreciate. If the bears break the support level at $413.04, the cryptocurrency will fall to the April low of $396.87. At this point, traders should look out for buy setups so that long trades can be initiated.


Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the 12-day EMA and the 26-day EMA are above the price bars of Ethereum which indicates that the bearish trend is ongoing. The relative strength index period 14 is level 44 which indicates that price is in the sideways 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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Ethereum (ETH) на Currencies.ru

$ 3761.87 (+0.58%)
Объем 24H $15.738b
Изменеия 24h: -1.30 %, 7d: 1.82 %
Cегодня L: $3725.04 - H: $3839.55
Капитализация $451.954b Rank 2
Цена в час новости $ 433.732 (767.33%)

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