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.

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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

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