Home Ethereum Ethereum (ETH) Daily Price Forecast – February 27 – Bitcoin Exchange Guide

Ethereum (ETH) Daily Price Forecast – February 27 – Bitcoin Exchange Guide

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  • The ETH price is still continuing its range bound movement at the $139.55 price level.
  • If the bears break below the previous low, the crypto will fall and find support above the $120 price level.

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, February 26, the price of Ethereum was in a sideways trend. The ETH price is still continuing its range bound movement. The crypto’s price made earlier attempts to break the 12-day EMA and the 26-day EMA. Today, the crypto price is now in a downward fall and may reach the previous low of $135.20.

If the bears break below the previous low, the crypto will fall and find support above the $120 price level. On the upside, if the bulls break the EMAs, the crypto will be in the bullish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto’s price is in a sideways trend zone. The ETH price is still in a range-bound movement below the 12-day EMA and the 26-day EMA. The 12-day EMA has been resisting all the price movement.

Today, the bulls are making another attempt to break the EMAs and reach the bullish trend zone. Meanwhile, the MACD line and the signal are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

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

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