RATE Group | Ethereum (ETH) Daily Price Forecast – August 13
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Ethereum (ETH) Daily Price Forecast – August 13

13 Aug Ethereum (ETH) Daily Price Forecast – August 13

Posted at 13:28h in Ethereum News by

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ETH/USD Medium-term Trend: Rang: Ranging

Resistance Levels: $330, $340, $350
Support Levels: $300, $290, $280

Last week the price of Ethereum was bearish. Price was above the $400 price level. The bears took price to the low of $306.66 on August 11. The bulls brought the price to the high of $325.34 and the digital currency commenced a sideways trend. Today, the ETH price is currently at a price of $319.16 in a sideways trend as at the time of writing. Price of Ethereum is likely to rise therefore traders should look out for buy setups to initiate long trades.

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 31 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Ranging

On the 1-hour…

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