Ethereum (ETH) Daily Price Forecast – November 15

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $260, $280
Support Levels: $170, $160, $150

Yesterday, November 14, the price of Ethereum was in a bearish trend. Price was fluctuating at the $210 price level before the bearish breakout. The crypto's price was resisted by the 12-day EMA and it is approaching the $180 price level. The digital currency has reached its oversold region, therefore traders should look out for buy setups so as to initiate long trades.

This will enable traders to earn partial profits as the crypto's price commences its bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicate that price is in the bearish trend zone.


ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto’s price is in a bearish trend. The crypto's price fell to the low of $182.05 and price is ranging at that price level. The crypto’s price is now below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. 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

Etherium is type of cryto currency and many people are planning to invest in this coin as it worthj a lot and a lot cheaper then the bitcoin, it is for the people who have low budget range, this article provides a complete forecast about the etherium helping the potential investors to analyze the data.