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Ethereum Price Prediction Today: Daily (ETH) Value Forecast – April 25

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  • On the upside, if price breaks above the EMAs and the trend line, the crypto’s price will resume its bullish trend to retest the $178 resistance level.
  • On the other hand, if the price resumes a downtrend, the crypto’s price will fall to a low at $160.

ETH /USD Medium-term Trend: Bearish

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

Yesterday, April 24, the price of Ethereum was in a bearish trend.  Yesterday, a trend line was drawn to determine the duration of the bearish trend. Today, a candlestick has broken the trend line and another one closing on the opposite of it. This indicates that the bearish pressure has been exhausted and the price is in a sideways trend.

On the upside, if price breaks above the EMAs and the trend line, the crypto’s price will resume its bullish trend to retest the $178 resistance level. On the other hand, if the price resumes a downtrend, the crypto’s price will fall to a low at $160. 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 12-day EMA and the 26-day EMA are trending southward indicating a downward trend. Yesterday, the crypto’s price fell to a low at $163 and resumed a bullish trend. The bulls were restricted at the 26-day EMA as the price fell into the bearish trend zone.

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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