ETH/USD Medium-term Trend: Bullish
Resistance Levels : $ 525, $530, $535
Support Levels: $515, $510, $505
Yesterday, June 19, price of Ethereum was in a bullish trend. The price of Ethereum closed at a price of $530.59 as of yesterday. The exponential moving averages are trending northward. However, the MACD indicator indicated a neutral signal yesterday as the price of the asset was neither above nor below the moving averages .
Today, the MACD line and the signal line are above the zero line indicating a buy signal. Also, the price of the asset is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing. Nevertheless, the relative strength index period 14 is level 63 indicates that price is in the bullish trend zone. Price of the asset is expected to reach the high of $600.
ETH/USD Short-term Trend: Bullish
In the 1-hour chart, the asset had a bullish trend. 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 the 26-day EMA indicating that the bullish trend is ongoing.
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