Ethereum (ETH) Daily Price Forecast – July 20

Fibo Quantum

cryptocurrency-event-2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $470, $480, $490
Support Levels: $450, $440, $430

Yesterday, July 19th, the price of Ethereum was in a bearish trend. Today, the cryptocurrency has fallen to the low  of $460. The Ethereum price has reached the low before the emergence of the bullish trend. It has fallen back to the range bound zone of $480 and $420.The relative strength index period 14 is level 43 which indicates that price is in the sideways trend zone.

The cryptocurrency is likely to fluctuate within the range bound zone.Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the 12-day EMA and the 26-day EMA  is above  the price of Ethereum which indicates that the bearish trend is ongoing.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, price Ethereum is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal. The 26-day EMA and 12-day EMA are above the price of Ethereum which indicate that the bearish trend is ongoing.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.