Home Ethereum Ethereum (ETH) Daily Price Forecast – March 14 – Bitcoin Exchange Guide

Ethereum (ETH) Daily Price Forecast – March 14 – Bitcoin Exchange Guide

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  • The crypto’s price may fall to the previous low at $127.50.
  • 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 Medium-term Trend: Bearish

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

Yesterday, March 13, the price of Ethereum was in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. A trend line has been drawn to determine the duration of the bearish trend. The assumption is that if price breaks above the trend line and the following candlestick closes on the opposite of it; then it is assumed technically, that the current has been terminated.

Presently, the bearish trend is ongoing and  prices are below the EMAs and the trend line. The crypto’s price may fall to the previous low at $127.50. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The ETH price is below the EMAs which indicate that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto’s price is in a bearish trend zone. Yesterday, the bulls attempted to break above the 12-day EMA and the 26-day EMA but were resisted and the price fell below the EMAs. Today, the bulls made a similar attempt but the price made a downward correction. 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 in the bearish 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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