Ethereum price is struggling to surpass the $192 and $194 resistance levels. However, ETHUSD pair is still trading above the main $180 support level.
Ethereum Price Medium-term Analysis
Yesterday November 11, the price of Ethereum (ETH) was in a range-bound movement. Nevertheless, Ethereum price struggled to break above the $190 level and formed a high near the $192 level. Later, there was a downward move below the $188 support level.
At the time of writing, Ethereum is correcting higher and trading at the $185 level.
On the upside, if more buyers emerge, the coin will rise towards the $200 and $210 levels. On the other hand, if the bulls fail to continue upward, the crypto’ price will support near the $182 and $180 levels. Meanwhile, the Moving Average Convergence Divergence (MACD) line and the signal line are below the zero line which indicates a sell signal.
ETHUSD Price Short-term Analysis
On the 1-hour chart, ETHUSD price is in a bullish trend. As long as there is no break below $180, there are chances of a fresh increase towards the $200 and $205 level.
However, the seems to be trading in a broad range between $180 and $190. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
- Resistance Levels: $188, $192, $200
- Support Levels: $184, $180, $170
Author Stephen is not registered as an investment adviser with any federal or state regulatory agency. The information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.