- The bears are currently facing resistance at the $269 price level.
- The crypto may fall into the previous range zone of $220 and $280 price level.
ETH /USD Medium-term Trend: Bearish
- Resistance Levels: $320, $340, $360
- Support Levels: $260, $240, $220
Yesterday, July 10, the price of Ethereum was in a bearish trend after being resisted from the $320 price level. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The bears are currently facing resistance at the $269 price level.
On the downside, if the bears break this level, the crypto’s price will fall to the low at $220. Presently, the bears have broken the $280 price level which was the previous upper price range. The crypto may fall into the previous range zone of $220 and $280 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
ETH/USD Short-term Trend: Bearish
On the 1-hour chart, the price of ETH is in a bearish trend. The 12-day EMA and the 26-day EMA are sloping horizontally but later pointing southward. The coin is facing resistance at the $312 price level.
Today, the bears broke below the EMAs after a range bound move at the $312 price level. The crypto’s price is now ranging above the $288 price level. After another range bound move above the $288 price level, the crypto’s fell to the low at $268 to commence another range bound move. Meanwhile, the MACD line and the signal line are above the zero line which indicates a sell signal.
Ethereum’s price is $269.32 ETH/USD exchange rate today. The real-time ETH market cap of $28.78 Billion currently ranks #2 with , daily trading volume of $3.34 Billion and live coin value change of ETH -2.42 in the last 24 hours.
Latest Ethereum Price Analysis, Chart Forecasts and Blockchain News
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