• On the upside, if the $200 support level is holding and the crypto’s price is rising to break above the EMAs and retest the $320 and $340 resistance levels.
• On the other hand, if the bulls fail to break above the EMAs, the crypto will resume a range bound move below the EMAs.

ETH/USD Medium-term Trend: Bearish

• Resistance Levels: $280, $300, $280
• Support Levels: $200, $180, $160

Yesterday, July 17, the price of Ethereum was in a bullish trend. The bears temporarily suspended the bearish move as the bulls took control of price at the $200 support level. On the upside, if the $200 support level is holding and the crypto’s price is rising to break above the EMAs and retest the $320 and $340 resistance levels.

On the other hand, if the $200 support level is broken the crypto’s price will fall to the low of $150 or $175 price level. The MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. On July 16, the ETH price fell to the low of $196 and commenced a range bound move below the EMAs. The bulls broke above the EMAs and resumed a bullish trend. The ETH price is making a series of higher highs and higher lows.

A trend line has been drawn to determine the duration of the bullish trend. A bullish trend is ongoing if the trend line is unbroken. A bullish trend is said to be terminated if price breaks the trend line and another candlestick closes on the opposite of it. The MACD line and the signal line are above the zero line which indicates a buy signal.

Ethereum’s price is $1,657.55 ETH/USD exchange rate today. The real-time ETH market cap of $190.5 Billion currently ranks #2 with , daily trading volume of $9.77 Billion and live coin value change of ETH 4.93 in the last 24 hours.

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