RATE Group | Ethereum (ETH) Daily Price Forecast – July 25
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Ethereum (ETH) Daily Price Forecast – July 25

25 Jul Ethereum (ETH) Daily Price Forecast – July 25

Posted at 13:39h in Ethereum News by

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Tetras Capital Publishes a Bearish Thesis on Ethereum and Supports Bitcoin Instead
cryptocurrency-event-2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $490, $500, $510
Support Levels: $470, $460, $450

Yesterday, July 24th, price of Ethereum was in a bullish trend. The cryptocurrency had a bearish movement to the low of $447.64 the previous day. If traders had initiated a long trade at the previous low of Ethereum, they would have made partial profits as the digital asset is in a bullish trend. Today, the bulls has made a bullish movement to the high of the $480.13 as at the time of my writing.

Nevertheless, the MACD line and the signal line are neither above nor below the zero line which indicates a neutral signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 62 which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, price Ethereum is in a bullish trend. The MACD line and the signal line are…

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