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  1. #1
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    Default Ethereum (ETH) Long Term Price Forecast

    ETH/USD Long-term Trend: Ranging

    Resistance Levels: $250, $270, $290
    Support Levels: $180, $160, $140

    The ETH/USD pair was range bound in the month of October 2018. The digital currency was ranging above the $200 price level. On October 15, Ethereum had a price rally which made the crypto to reach the high of $241.

    The resistance at $240 made the crypto to fall but managed to recover at $204.10. In the first week of November, the digital currency is fluctuating below and above the $200 price level.

    Ethereum is expected to continue its range bound movement. Today, the price of Ethereum is currently trading at $202 as at the time of writing.

    Meanwhile, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


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

    Source: www.bitcoinexchangeguide.com

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  3. #2
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