ADVERTISEMENT

[email protected]

  • Submit Press Release
  • Submit Guest Post
  • Write for Kryptomoney.com
Latest Crypto News
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
Latest Crypto News
No Result
View All Result
Home News

Ethereum Price Analysis – Will ETHUSD Decline Further?

Choice by Choice
July 22, 2019
in News, Price Analysis
0
Ethereum | Daily Transaction | Blockchain | Cryptocurrency
0
SHARES
37
VIEWS
Share on FacebookShare on Twitter

Ethereum price will rise to break above the EMAs and retest the $320 and $340 resistance levels if the $200 support level holds. What more? The following technical analysis explains.

Ethereum Price Technical Analysis

Ethereum price analysis
ETHUSD Price Chart

In retrospect of the past week, Ethereum (ETH) was in a bearish trend but was trading below the 12 and 26-day Exponential Moving Averages (EMAs). On June 27, ETH bulls met resistance at the $325 price level as the price dropped to the support of the EMAs. Ethereum price was ranging above the EMAs before the bears break below the EMAs. The price of Ethereum has declined and is below the EMAs which is an indication that price is likely to decline.

On July 16, the downward trend was corrected as the ETH price dropped to the support of the $200 price level. On the upside, if the $200 support level is holding the price of ETH will rise to break above the EMAs and retest the $320 and $340 resistance levels. On the downside, if the $200 support level is broken Ethereum price will decline to the low of $150 or $175 price level. The Moving Average Convergence Divergence (MACD) line and the signal line are below the zero line, indicating a sell signal.

ETHUSD Price Short-term Analysis

ETHUSD Price Chart

Looking T the 1-hour chart, ETHUSD price is in a bearish trend. The 12 and 26-day EMAs are sloping horizontally. On July 20, ETH bulls rose to a high of $235 but declined below the EMAs at a low of $217.The MACD line and the signal line are below the zero line which suggests a sell signal.

  • Resistance Levels: $280, $300, $280
  • Support Levels: $200, $180, $160

Disclaimer

Arathur 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.

Tags: Ethereum Priceethereum price analysisETHUSDETHUSD Price
Previous Post

Ex-CEO Of Defunct Crypto Exchange WEX Arrested In Italy

Next Post

Bitcoin Cash Price Analysis - BCHUSD Ranges Above $280 Level

Next Post
bitcoin cash price surges | bitcoin cash vs Bitcoin | latest bitcoin cash news | latest cryptocurrency news

Bitcoin Cash Price Analysis - BCHUSD Ranges Above $280 Level

Recent Stories

Quickly

Financial Advisor Introduces Petition for the UK Government to Ban Crypto Transactions

January 15, 2021
LTC Price Analysis: Steep Correction on LTC/USD From $186 High, Flare Networks Announces Litecoin Airdrop

LTC Price Analysis: Steep Correction on LTC/USD From $186 High, Flare Networks Announces Litecoin Airdrop

January 15, 2021
Bitcoin

Bitcoin Falls Below $35k Despite the Unveiling of Biden’s $1.9 Trillion Stimulus

January 15, 2021
cryptocurrencies

The Impact Of Cryptocurrencies On The Global Marketplace

January 15, 2021
What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

January 14, 2021
Trading

PayPal Crypto Trading Volume Climbed $242 In One Day

January 14, 2021
Bitcoin

Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

January 14, 2021
Ethereum

Google Data Reveals “Ethereum” Searches Hit All-Time High

January 14, 2021
BTC/USD

BTC Price Analysis: In a Return Rally BTC/USD Grinds Past $40,000 Amid Grayscale Bitcoin Purchase of $80M

January 14, 2021
Wunderbit Trading

Wunderbit Trading – Copy Trading Platform That Suits All 

January 14, 2021

Email Subscription

Pages

About Us

Contact Us

Disclaimer

Get Latest Cryptocurrency And Bitcoin News

Privacy Policy

Write for Kryptomoney.com

Category

Events

General

Interviews

News

Price Analysis

Press Release

Sponsored

Information

About Us

Submit Press Release

Submit Guest Post

Contact Us

Social Icons

[email protected]

©KryptoMoney 2019 | Southridge Internet Corp

No Result
View All Result
  • Resource List
  • News
  • Price Analysis
  • Events
  • Press Release
  • Sponsored

©KryptoMoney 2019 | Ess Commerce Private Limited

  • bitcoinBitcoin (BTC) $ 36,833.00 5.53%
  • ethereumEthereum (ETH) $ 1,173.96 2.03%
  • tetherTether (USDT) $ 0.998516 0.29%
  • bitcoin-cashBitcoin Cash (BCH) $ 483.83 6.13%
  • binancecoinBinance Coin (BNB) $ 41.11 0.03%
Our websites require cookies enabled to provide you with an uninterrupted experience. Please continue without changing your setting to receive important notifications.I Agree