Resistance Levels: $520, $530, $540
Support Levels: $500, $490, $480

Yesterday, July 17th, the price of Ethereum was in a bullish trend. On  July 10 th, the price of Ethereum fell to the low of $434.92 and the digital currency had been in a sideways trend fluctuating between the levels of $480 and $420. From the daily chart, the price bars of Ethereum can be seen. Today, we have a bullish trend and the resistance level at $480 has been broken. Price is expected to rise therefore traders are to look out for buy setups and initiate long trades.

Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates the bullish trend is ongoing. The relative strength index period 14 is level 78 which indicates that price is in the bullish trend zone

On the 1-hour chart, price Ethereum is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Price of Ethereum is rising because the price of Ethereum is above the 26-day EMA and 12-day EMA which indicates that the bullish 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.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

191 +