Ethereum Chart By Trading View
ETHUSD Medium-term Trend: Ranging
- Resistance Levels: $230, $240, $250
- Support Levels: $130, $120, $110
On February 24, the ETHUSD pair had been in a range bound movement. The bears had earlier brought price to the low of $135.20 after its recent high at a price of $168. The crypto fell below the 12-day EMA , the 26-day EMA and commenced a range bound movement. The ETH price was ranging above the $138 price level in the last six days.
The buyers and sellers are undecided at the $138 price level. The price of Ethereum is also capable of having a price breakout or a price breakdown. These cryptocurrencies have similar characteristics. A price breakout at the $138 price level will result in the crypto reaching the high of $168 price level.
On the downside, a price breakdown will result in the crypto falling to the low at $124 price level. Meanwhile, the stochastic band is out of the oversold region and above the 60% range which indicates that price is in a bullish momentum and a buy signal.
ETHUSD Short-term Trend: Ranging
Ethereum Chart By Trading View
On the 1-hour chart, the price of Ethereum is in a range bound movement. The 12-day EMA and the 26-day EMA are trending horizontally indicating the range bound movement. The exponential moving averages form a single line as the price action becomes choppy. The crypto’s price is neither below nor above the EMAs. Nevertheless, the stochastic is out of the overbought region but above the 40% range which indicates that the price is in a bullish momentum and a buy signal.
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