RATE Group | Ethereum (ETH) Daily Price Forecast – September 19
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Ethereum (ETH) Daily Price Forecast – September 19

19 Sep Ethereum (ETH) Daily Price Forecast – September 19

Posted at 22:43h in Ethereum News by

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ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Yesterday, September 18, the price of Ethereum was in a bullish trend. As the cryptocurrency fell to the low of $194.62, the price commenced a range bound movement. The $200 price level was supposed to be the major support level but was broken by price. Now at the support level, a bullish trend has risen and it is approaching the price at $212.24. The price of Ethereum is now in the previous range bound zone.

Today, if the bullish trend continued, the cryptocurrency would reach the upper level of price range which is the price at $ 280. 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 above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The Relative Strength Index period 14 is level 53 which indicates that price is in the sideways trend zone.

ETH/USD…

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