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Ethereum Price Prediction Today: Daily (ETH) Value Forecast – April 12

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Delphi Digital: 80% of Total ETH Supply is Held by Roughly 7500 Addresses with Other Notable Facts
  • On the downside, if the price continues its fall, the crypto’s price will find support at the $156 price level.
  • On the upside, if the bulls break above the EMAs the crypto’s price will resume its bullish trend.

ETH/USD Medium-term Trend: Bearish

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

Yesterday, April 11, the price of Ethereum was in a bearish trend. Yesterday, the bears broke the 12-day EMA and the 26-day EMA after the bulls were resisted at the $184 price level. The crypto’s price fell to the low at $164.24 and commenced a range bound movement. The crypto’s price is below the EMAs which indicate that price is likely to fall.

On the downside, if the price continues its fall, the crypto’s price will find support at the $156 price level. On the upside, if the bulls break above the EMAs the crypto’s price will resume its bullish trend. 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 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. The crypto’s price fell to the low at $164 and commenced a range bound movement. Today, the bulls are attempting to break above the EMAs. If the bulls break the EMAs, the crypto’s price will resume its bullish trend.

The ETH price is trading at $164.38 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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