The TOP 2 cryptocurrency in the world by market capitalization, Ethereum, and offers an impressive contrast with the Bitcoin leader. Ethereum is the second cryptocurrency currency in the world in terms of market capitalization and offers an impressive contrast with the Bitcoin leader. Unlike the original cryptocurrency – and still the best – Ethereum offers more than just a secure method of payment or a store of value. Some of the most enraged supporters of Ethereum present it as the future of the Internet. Buying Ethereum today, that is to say, amounts to picking up some shares of Apple while it was practically out of a garage.
ETH /USD Medium-term Trend: Bullish
Resistance Levels: $240, $250, $260
Support Levels: $150, $140, $130
On April 18, the price of Ethereum was in a Since April 10, the price of Ethereum has reached $ 182.29. On April 15, the price of crypto depreciated to a low of $ 158.80 and bulls made unrestrained efforts to reach the highest precedence. Yesterday, the price of crypto was negotiated and reached a high of $ 176, but it resisted.
The price fell in support of the 12-day EMA. On the upside, if the price is kept above the EMA, the price of crypto will reach the previous high of $ 185. On the other hand, if the declines are below the EMAs, the price of crypto will resume a downward trend. Meanwhile, the MACD line and the signal line are above the zero lines, indicating a buy signal. The ETH price is higher than the EMA, indicating that it is in the uptrend zone.
ETH / USD Short-term trend: bearish
On the one-hour chart, the price of crypto is in a downtrend zone. The bear futures broke the 12-day EMA and the 26-day EMA while the price fell to its lowest level, at $ 171.07, to pick up another uptrend. The price of crypto is lower than the EMA, which indicates that the price will probably fall.
However, if the increases exceed the EMA, the price of crypto should resume its upward trend. Meanwhile, the MACD line and the signal line are above the zero lines, indicating a buy signal. In addition, the price of crypto is lower than the 12-day EMA and the 26-day EMA, indicating that the price is in the downtrend zone.