ETH/USD Long-term Trend: Bearish

Supply Zone: $460, $470, $480
Demand Zone: $430. $420, $410

The price of Ethereum in the month of June was bearish. The cryptocurrency closed trading at a price of $446.45. This month of July, the price of the digital currency had been unstable. It is currently trading at $448.12 as at the time of writing. The ETH price increase is about 0.37% as at the time of writing.        .

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the 12-day EMA and 26-day EMA are above the price of the Ethereum which indicate that the bearish pressure will continue. The relative strength index period 14 is level 43 indicates that the price of Ethereum is in a sideways trend zone.

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

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