ETH/USD Long-term Trend: Bearish
Supply Zones: $550, $600, $650
Demand Zones: $450. $400, $350
The overall trend of the price of Ethereum is bearish. The price of the asset was $619.89 as of June 3, 2018, but it has fallen to the low of $492.43 as at the time of writing. Presently, the asset is fluctuating below and above the $500 price level. If the bearish pressure on the asset continued the asset might fall to the low of $450.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the 12-day EMA and the 26-day EMA are neither below nor above the price of the asset. This indicates a neutral signal for the price of Ethereum. The relative strength index period 14 is level 45 indicates that price of the asset is in a sideways trend zone.
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