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  1. #1
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    Default Ethereum Price Prediction Today: Daily (ETH) Value Forecast – May 30

    ETH /USD Medium-term Trend: Ranging

    · Resistance Levels: $270, $280, $290
    · Support Levels: $260, $250, $240

    Yesterday, May 29, the price of Ethereum was still in a sideways trend. Since on May 26, the ETH market had been fluctuating between the levels of $260 and $280. The bulls were being resisted at the $275 price level while it was well supported at the $260 price level.

    On the upside, if the bulls break the $280 price level, the market is likely to rise to the highs of $290 and $300 price levels. On the downside, if the bulls fail to break the $280 price level, the market will fall to the support of the 26-day EMA or continue its range bound move. The MACD line and the signal line are above the zero line which is a buy signal.

    ETH/USD Short-term Trend: Bullish

    On the 1-hour chart, the price of ETH is in a bullish trend zone. The bulls have broken the $280 overhead resistance and price is approaching the $290 price level. Nevertheless, if the bulls sustain the price above the $280 price level, the bulls will retest the previous highs.

    However, if the bulls face resistance at $295, the crypto’s price is likely to fall to the range bound zone. On the other hand, if the bulls break the initial resistance, the crypto’s price will soar above the $300 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

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


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  3. #2
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    It is nonetheless true that major changes in the strength of a trend, or its reversal on a permanent basis, are indeed noted by changes in open interest, and institutional positioning. Our only suggestion is that the trader is aware of the potential of false signals, and, as per the usual principle, avoid trying too hard to catch bottoms and tops. I am a forex trader and aware of false signals and trading with BPRIMES. Traders are not alone in the fast-paced Forex environment. At there they provide news and analysis, plus expert dedicated account managers so that traders can make informed decisions in a timely manner.

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