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Ethereum Price Prediction Today: Daily (ETH) Value Forecast – April 11

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  • On the downside, if the bearish pressure is continuing, the price may find support at the $165 price level.
  • On the upside, if the $170 price holds, the crypto’s price will rise to break above the EMAs.

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $150, $140, $130

Yesterday, April 10, the price of Ethereum was in a bearish trend. Since on April 8, the price of Ethereum had been facing resistance at the $185 price level. Each time the bulls were resisted, the price would fall to the support of 12-day EMA. Yesterday, the bulls tested the $185 resistance and the bears broke below the EMAs to reach the bearish trend zone. The crypto’s price is below the EMAs which indicate price is likely to fall.

On the downside, if the bearish pressure is continuing, the price may find support at the $165 price level. On the upside, if the $170 price holds, the crypto’s price will rise to break above the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is below the EMAs which indicate that price is in a 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 bears broke the 12-day EMA and the 26-day EMA as the price fell to the bearish trend zone. The crypto’s price is likely to continue its fall since the price is below the EMAs.

The ETH price is trading at $170.42 as at the time of writing. 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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