Thread: Ethereum Price Prediction: Long-term (ETH) Value Forecast – May 4

ETH/USD Long-term Trend: Bullish

Resistance Levels: $350, $370, $390
Support Levels: $160, $140, $130

The ETH/USD pair is in the bullish trend zone. Yesterday, it was assumed that if the bulls break above the EMAs, the crypto's price will rise to break the $176 resistance level. The crypto's price has broken the $176 resistance level. Today, the bulls are approaching the $190 price level. On the upside, the crypto's price retested the $190 resistance level and it is retracing.

On the downside, if the bulls failed to break the $190 resistance level, the crypto's price will fall to the support of the EMAs for a bullish trend resumption. Presently, the price of Ethereum is trading at the $172.93 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.


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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