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  1. #1
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    Default Ethereum Price Analysis May 15

    ETHUSD Medium-term Trend: Ranging


    Resistance: $760, $750, $740
    Support: $700, $710, $720

    Yesterday, May 14th the overall trend of Ethereum was bearish. The price of the asset had fallen from the highs of $830, $767 and $735 as per the bearish trend line. However, at the time of writing, the MACD line and the signal line were above the zero line indicating a buy signal. The price bars of Ethereum were above the 12-day EMA and 26-day EMA indicating that the bullish trend is ongoing.

    It was assumed that if the support level was broken, Ethereum would find support at $672. Today, Ethereum is currently trading at $723.67 at the time of writing. From the weekly chart, the price of the asset is above the $700 level. The asset is ranging from the support level at $700 to the resistance level at $750. Today the indicators are showing bullish signals. The MACD line and the signal line are above the zero line indicating a buy signal.

    The price bars of Ethereum were above the 12-day EMA and 26-day EMA indicating that the bullish trend is ongoing. Therefore the price is expected to test the resistance level at $750 and reach further highs.


    ETHUSD Short-term trend: Ranging

    On the daily chart, the price of Ethereum is in a ranging market. At the levels of $690 and $700, the price of Ethereum was ranging. Then it had a bullish movement which took it to the high of $740. At the high of $740, it resumed its range bound movement.

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

    SOURCE: https://www.cryptoglobe.com/markets

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  3. #2
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    Trading analysis is great thing which can help the trader to minimize their trading mistakes at all. Proper analysis of trading can help you to become successful. I am currently trading with Forex4you but I am using them since the beginning period of my trading career. They inspire me to trade profitably and give me essential trading tools. Moreover they utilize all the trading tools effectively. So I can improve my skills of trading.

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