ETH/USD Medium-term Trend: Bullish
Resistance Levels: $240, $260, $280
Support Levels: $180, $160, $140
Yesterday, September 13, the price of Ethereum was in a bullish trend. In the bullish trend, the price reached the high of $211,68 and was resisted. The Bulls overcame the price and traded above the $200 price level. The cryptocurrency is expected to rise again but will face resistance at the $ 280.
Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The Relative Strength Index period 14 is level 58 which indicates that price is in the sideways trend zone.
ETH/USD Short-term Trend: Bearish
On the 1-hour chart, the price of Ethereum is in a bullish trend. The ETH price is making a series of higher highs and higher lows.Price of Ethereum is rising because the 12-day EMA and the 26-day EMA are above the price of the cryptocurrency. The MACD line and the signal line are above the zero line which indicates a buy signal.
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