ETH/USD Medium-term Trend: Bearish

Resistance Levels : $ 440, $445, $450
Support Levels: $425, $420, $415

Yesterday, June 26, price of Ethereum closed at a price of $459.49 when it pulled back from the previous low. But the overall trend of the cryptoasset is bearish and as a result price of Ethereum is falling. However, on June 22, price fell to the low of $460, and the cryptoasset resumed its downward trend. Nevertheless, if the downward trend continued and price of Ethereum breaks the previous low at $420, it will find support at $380.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, 12-day EMA and the 26-day EMA are above the price of Ethereum which indicates that the bearish trend is ongoing. The relative strength index period 14 is level 32 which indicates that the market is oversold suggesting the bulls to take control of the market.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and the 26-day EMA are above the price of Ethereum which indicates that the bearish trend is ongoing .

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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