RATE Group | Ethereum (ETH) Daily Price Forecast – August 27
40197
wp-singular,post-template-default,single,single-post,postid-40197,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ethereum (ETH) Daily Price Forecast – August 27

27 Aug Ethereum (ETH) Daily Price Forecast – August 27

Posted at 09:00h in Ethereum News by

[ad_1]

Ethereum-Stakeholders-Meeting-End-Inconclusive

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $280, $285, $290
Support Levels: $270, $265, $260

Last week the price of Ethereum was in a sideways trend. The cryptocurrency fluctuates between the levels $320 and $260. On August 22nd, the price reached the high of $288.06, but the bears’ pullback price to the lower  range of the zone. Price is still in the lower range of the zone. Today, the ETH price is range bound and the market is quiet. Price of the cryptocurrency is still the same as it was last week.

Price will fluctuates the same way in a couple of days to come. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 42 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the ETH price is in a…

[ad_2]

Source link