Levels to Watch: Ethereum Trend Analysis (9/13/2017)

Here are some important levels to watch when it comes down to Ethereum trend on 9/13/2017. The Ethereum chart of the day is provided daily so subscribe for more.


Daily MACD – The MACD moved lower today. Yesterday it looked like the histogram was going to make a turn for a bounce but bearish pressure stopped it.

Major Support Level – I will be looking for support to come in soon. The market has had a lot of bearish pressure including comments from J.P. Morgan CEO Jamie Dimon. I would say around $240 as drawn below should catch support.

Major Resistance Level – The price is now lower than the trendline I was watching closely. However, I really don’t see price going below $200 ever again. If it does I will be buying.

ethereum trend analysis

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: