RATE Group | Ethereum (ETH) Daily Price Forecast – July 31
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Ethereum (ETH) Daily Price Forecast – July 31

31 Jul Ethereum (ETH) Daily Price Forecast – July 31

Posted at 10:01h in Ethereum News by

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Powerful Crypto Hedge Funds Are Shorting Ethereum (ETH) in a Major Way
cryptocurrency-event-2018

ETH/USD Medium-term Trend: Bearish

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

Yesterday, July 30, the price of Ethereum was still in the range bound zone. The ETH price is below the 12-day EMA and the 26-day EMA indicating that price is falling. If the cryptocurrency continue its fall and the support level is broken, the Ethereum price will find support at $381.

Meanwhile, 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 a bearish trend is ongoing. The Relative Strength Index period 14 is level 30 which indicates that market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the ETH price is in a sideways trend. The MACD line and the signal line are below the zero line which indicates a sell signal. The price of Ethereum is below the 26-day EMA and the…

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