Ethereum (ETH) Daily Price Forecast – February 14

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ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, February 13, the price of Ethereum had been consistent in its sideways trend. The cryptocurrency had been ranging above the $120 price level. The crypto’s price bars were trending above the 12-day EMA. The ETH price is expected to rise but faces resistance at the $130 price level.

On the upside, if the bulls had broken the $130 price level, the crypto’s would have reached the $160 price level. The crypto’s price had been ranging below the $130 resistance level. Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto’s price is in a bullish trend zone. On February 13, the crypto’s price had earlier fallen to the low of $122.91 and then commenced a bullish movement above the 12-day EMA and the 26-day EMA. The bulls broke the EMAs and reached a high of $126.35.

The crypto’s price is now facing resistance at the $130 price level. The crypto’s price can only go farther if the resistance is broken. Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicates that price is likely to rise.

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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