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Ethereum Price Prediction: Long-term (ETH) Value Forecast – April 27

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  • On the upside, if the bulls break the EMAs, the crypto’s price will retest the $176 resistance level.
  •  However, if the bulls fail to break the EMAs, the crypto’s price is likely to fall to the support of the $140 price level.

ETH/USD Long-term Trend: Bearish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $160, $140, $130

The ETHUSD pair had been in the bullish trend zone in the month of April. On April 1, the ETH price has an opening balance of $143.78 and a closing balance of $160.95 as at April 26. This implies that the crypto’s price has appreciated by 11.8% of its capitalization in the month of April. On April 18, the bulls reached a high of $175 but were resisted at the $176 resistance level. The crypto’s price is retracing to the support of the 26-day EMA for a bullish trend resumption. On the upside, if the bulls break the EMAs, the crypto’s price will retest the $176 resistance level.

However, if the bulls fail to break the EMAs, the crypto’s price is likely to fall to the support of the $140 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. 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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