- If the price retraced and was held at the support of the 12-day EMA and the 26-day EMA, then the crypto’s price will resume its bullish trend to retest the $172 and $176 price levels.
- On the other hand, if price retraced and broke below the EMAs, the crypto’s price will fall to a low at $160 or $56 price level.
ETH /USD Medium-term Trend: Bullish
- Resistance Levels: $240, $250, $260
- Support Levels: $150, $140, $130
Yesterday, April 30, the price of Ethereum was in a bullish trend. Yesterday, the crypto’s price was in a bullish trend to retest the $176 price level but the bulls were resisted. The bulls were resisted at the $172 price level and the price commenced a retracement. If the price retraced and was held at the support of the 12-day EMA and the 26-day EMA, then the crypto’s price will resume its bullish trend to retest the $172 and $176 price levels.
On the other hand, if price retraced and broke below the EMAs, the crypto’s price will fall to a low at $160 and $156 price levels. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in a bullish trend zone.
ETH/USD Short-term Trend: Bullish
On the 1-hour chart, the price of ETH was in a bullish trend zone. The 12-day EMA and the 26-day EMA are trending northward. The crypto’s price is trending on the 12-day EMA and the 26-day EMA. The bulls tested the $172 resistance level and were resisted. The price retraced to the support of the 12-day EMA.
If the 12-day EMA holds, the crypto’s price will resume its bullish trend and retest the $172 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.
Live Ethereum (ETH) Price:
1 ETH/USD =$160.6294 change ~ 2.72%
Coin Market Cap
$17.01 Billion
24 Hour Volume
$2.07 Billion
24 Hour VWAP
$159
24 Hour Change
$4.3704
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
