RATE Group | Ethereum (ETH) Daily Price Forecast – September 11
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Ethereum (ETH) Daily Price Forecast – September 11

11 Sep Ethereum (ETH) Daily Price Forecast – September 11

Posted at 10:14h in Ethereum News by

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Ethereum Price Goes To $0 USD

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $260, $280
Support Levels: $180, $160, $140

Yesterday, September 10, the price of Ethereum was in a bearish trend. In the bearish trend, the major support level of $200 was broken by the price spike. The price was $196.60 as at yesterday. Today, the cryptocurrency is still ranging at the same price of $196.32. There wasn’t any significant price movement.

The ETH price is expected to be in range bound movement. And if the cryptocurrency engages in a range bound movement, it is preparing itself for another breakout. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 34 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Ranging

On…

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