Ethereum (ETH) Daily Price Forecast – August 3

2018-8-3 12:14

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $440, $450, $460
Support Levels: $420, $410, $400

Yesterday, August 2nd, the ETH price was in a bearish trend. The cryptocurrency is still on the downward trend. The Ethereum price is now out of the range-bound zone after the price fell to the low of $401.38.This was the previous support level of Ethereum. Traders can initiate long trades and a stop loss at $350.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 32 which indicates that market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the ETH price is in a smooth bearish trend. The ETH price is making a lower highs and lower lows price movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Ethereum is below the 26-day EMA and the 12-day EMA which indicates that a bearish trend is ongoing.

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

$ 3859.96 (+0.07%)
Объем 24H $15.469b
Изменеия 24h: 1.32 %, 7d: 2.25 %
Cегодня L: $3844.45 - H: $3865.87
Капитализация $463.768b Rank 2
Цена в час новости $ 410.59 (840.1%)

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