RATE Group | Ethereum (ETH) Daily Price Forecast – November 22
49970
wp-singular,post-template-default,single,single-post,postid-49970,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 – November 22

22 Nov Ethereum (ETH) Daily Price Forecast – November 22

Posted at 08:38h in Ethereum News by

[ad_1]

Unexplained Genesis Block Transfer of 380,000 ETH Causes Ethereum Price to Plunge

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $250, $280
Support Levels: $130, $120, $110

Yesterday, November 21, the price of Ethereum was in a bearish trend. The crypto’s price fell to the low of $137.37 and commenced a range bound movement at the same price level. Today, a bullish candlestick is approaching the 12-day EMA.

Price is expected to break the 12-day EMA and the 26-day EMA; then resume its uptrend movement. Meanwhile, the price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto’s price is in a bullish trend. On November 21, the digital currency fell to the low of $133.97 and commenced a bullish movement. Price is now above the 12-day EMA and the 26-day EMA indicating that price of Ethereum is now in a bullish trend zone.

Meanwhile, the MACD…

[ad_2]

Source link