Ethereum (ETH) Price Analysis (February 12)

    • Price of Ethereum is sustaining above the EMAs.
    • The crypto continues to trade in the bullish trend zone.

    ETH/USD Medium-term Trend: Bullish

    • Resistance levels : $260.00, $270.00, $280.00
    • Support levels: $150.00, $140.00, $130.00

    ETH/USD medium-term outlook continues in a bullish trend market. The large bullish candle as the market opens today breaks $256.40 of the upper resistance area of the range.

    The reaction from the bulls moves price of the crypto to $255.23 in the resistance area.

    Price at $258.00 is above the two exponential moving averages breaking the resistance line implies the momentum in price is bullish in trend and buyers are in total control of the market.

    However, the stochastic oscillator signal at 94% in the overbought region is an indication that the momentum in price of Ethereum may likely encounter a reversal in the future, in the medium-term.

    ETH/USD Short-term Trend: Bullish

    The crypto is in a bullish trend in it. The EMA 9 acted as strong support for the bullish upward price movement each time price drops around it.

    Today’s 4-hourly bullish candle at $237.02 touches the resistance line as the journey up north continues.

    Price is initially up at $255.47 above two EMAs’ breaking the resistance line in the upper resistance area, this indicates that the price of the coin is in an upward trend.

    The stochastic oscillator signal pointing around level 94% in the overbought region suggests that the momentum in price of Ethereum may change in the short-term.

    Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication ( holds any responsibility for your financial loss.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Ben Jordan
    Ben Jordan
    Ben began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Indian State Telangana Govt Launches Blockchain Accelerator With Tech Mahindra

    The IT arm of Mahindra Group and the Telangana government have closed a partnership and aims to launch a blockchain accelerator that will be...

    Ripple Co-Founder' Claims His XRP Sell-Off Doesn't Impact The Market Is ‘Simply Preposterous'

    XRP Whale and former Ripple CTO argues his huge sell offs Not possible to sell off over 2% of the total supply without...

    Ripple (XRP) Price Analysis (February 19)

    Key Highlights The US dollar has now forced the XRP price value into a range trading condition. The XRP/USD price now hovers around $0.30...

    Microsoft Azure Integrates Lition’s Blockchain Tech to Scale Commercial Operations

    Microsoft is one of the fast-moving IT giants in blockchain research for leverage with their existing services. The firm recently integrated Lition blockchain which...

    European Space Agency to Use Blockchain-Powered Satellite Data For Mining Transparency

    Blockchain tech is fast on the track of providing solutions from space despite a skeptical approach towards its major use as per now ‘cryptocurrencies’....

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.