Ethereum (ETH) Long-Term Price Forecast

Spread the love

cryptocurrency-event-2018

ETH/USD Long-term Trend: Ranging

Supply Zone: $480, $490, $500
Demand Zone: $450. $440, $430

Ethereum price had been in a sideways trend for the month of July 2018. The cryptocurrency traded at the beginning of the month with a price of $451.59. Since then the cryptocurrency had been fluctuating between the resistance level at $480 and the support level at $440. The levels of this range-bound zone had not been broken to determine whether the price of Ethereum is either bullish or bearish.

Meanwhile, it is currently trading at $468.13 as at the time of writing.
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 below the 12-day EMA and the 26-day EMA which indicate that the bearish pressure is ongoing. The relative strength index period 14 is level 44 which indicates that the price of Ethereum is in a 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.

crypto training course

Be the first to comment

Leave a Reply

Your email address will not be published.


*