Author Topic: Ethereum Price Prediction Today: Daily (ETH) Value Forecast ? May 30  (Read 766 times)

Offline BitcoinExchangeGuide

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ETH /USD Medium-term Trend: Ranging
?   Resistance Levels: $270, $280, $290
?   Support Levels: $260, $250, $240

Yesterday, May 29, the price of Ethereum was still in a sideways trend.  Since on May 26, the ETH market had been fluctuating between the levels of $260 and $280.  The bulls were being resisted at the $275 price level while it was well supported at the $260 price level.

On the upside, if the bulls break the $280 price level, the market is likely to rise to the highs of $290 and $300 price levels.  On the downside, if the bulls fail to break the $280 price level, the market will fall to the support of the 26-day EMA or continue its range bound move.  The MACD line and the signal line are above the zero line which is a buy signal.

ETH/USD Short-term Trend: Bullish
On the 1-hour chart, the price of ETH is in a bullish trend zone.  The bulls have broken the $280 overhead resistance and price is approaching the $290 price level.  Nevertheless, if the bulls sustain the price above the $280 price level, the bulls will retest the previous highs.

However, if the bulls face resistance at $295, the crypto?s price is likely to fall to the range bound zone.  On the other hand, if the bulls break the initial resistance, the crypto?s price will soar above the $300 price level.  Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide. com and do not constitute financial advice.  Always do your own research.

Source: www. bitcoinexchangeguide. com


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