- On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend rise to retest the $320 and $340 resistance level.
- On the other hand, if the bears break the $200 support level, the market will depreciate to the low of $175 price level.
ETH/USD Medium-term Trend: Ranging
- Resistance Levels: $280, $300, $280
- Support Levels: $200, $180, $160
Yesterday, July 25, the ETH/USD has continued its range-bound move below the EMAs. The market had remained the same. The ETH market now trades above the $200 support level but below the EMAs. The bulls are facing resistance at the 12-day EMA.
On the other hand, if the bears break the $200 support level, the market will depreciate to the low of $175 price level. However, the crypto’s price is characterized by small body candlestick like the Doji and Spinning tops which described the indecision between the buyers and sellers at the current market price. The ETH price will continue to range below the EMAs as long as the small body candlestick dominate the chart. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
ETH/USD Short-term Trend: Ranging
On the 1-hour chart, the price of Ethereum is in a bullish trend. The moving averages are sloping horizontally. On July 24, the bulls made an upward move to break above the EMAs. The crypto’s price is facing resistance at the $225 price level as the price retraces to the support of the 12-day EMA. The MACD line and the signal line are above the zero line which indicates a buy signal.
Ethereum’s price is $222.39 ETH/USD exchange rate today. The real-time ETH market cap of $23.81 Billion currently ranks #2 with , daily trading volume of $1.73 Billion and live coin value change of ETH 3.55% in the last 24 hours.