Ethereum Chart By Trading View
ETHUSD Medium-term Trend: Bullish
- Resistance Levels: $230, $240, $250
- Support Levels: $150, $130, $110
Last week the price of Ethereum was in a bullish trend. Since December 17, the bulls broke the 12-day EMA and the 26-day EMA to move into the bullish trend zone. The ETH price is trading at $155 as at the time of writing. The crypto had been trading above the EMAs but could not break the resistance at the $160 price level.
The bulls tested the resistance at $160 on three occasions without breaking it. If the bulls succeed in breaking the $160 price level, the crypto will reach the previous levels of $200 and $220. If the bears breaks the EMAs to the downside; the crypto will fall to the support at the $140 or $135 price level.
Meanwhile, the stochastic indicator is in the overbought region above 80% range. This indicates that the price of Ethereum is in a strong bullish momentum.
ETHUSD Short-term Trend: Bullish
Ethereum Chart By Trading View
On the 4-hour chart, the price of Ethereum is in a bullish trend zone. A bearish candlestick has broken the 12-day EMA and the 26-day EMA to the downside. The crypto’s price is approaching the $150 price level. If the bears fail to break the support, the crypto will be in a range bound movement above the $150 price level.
Meanwhile, the stochastic indicator is below the 60% range which indicates that Ethereum is in a bearish momentum.
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