ETH/USD Medium-term Trend: Ranging
Resistance Levels :$ 520, $525, $530
Support Levels: $510, $505, $500
Yesterday, June 18, the price of Ethereum touched the lower band of the Bollinger bands and this indicates a buy signal. Today, Ethereum asset has risen up to the high of $515. Meanwhile, the MACD line and the signal line are neither above nor below the zero line indicating a neutral signal.
Also, the 12-day EMA and 26-day EMA are neither above nor below the price of the asset indicating a neutral signal. The relative strength index is period 14 is level 56 indicates that price is in the range bound zone. The asset resumed a range bound movement after it attained the high of $515.
ETH/USD Short-term Trend: Bullish
In the 1-hour chart, the asset had a bullish movement to the high of $515 and was resisted by the bears. Meanwhile, the MACD line and the signal line are above the zero line indicating a buy signal for the asset. In addition, the price of the asset is above the 12-day EMA and 26-day EMA indicating that the bullish trend is ongoing.
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