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Ethereum (ETH) Price Analysis - April 15

From cryptoglobe.com

Last week the ETHUSD pair was in a bearish trend. The bulls reached a high of $185.64 and were resisted. On April 8, the crypto's price made a downward correction to the support of the 12-day EMA. On April 10, the bulls could not sustain the price above the EMAs and the bears broke the 12-day EMA and the 26-day EMA to the bearish trend zone. The price fell to the low of $165.21 and commenced a range bound movement. The crypto's price is below the EMAs which indicates that the price is likely to fall. On April 14, the bulls break above the EMAs to reach the high of $170.32. On the upside, if the bulls sustain a price ... (full story)

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  • Category: Technical Analysis