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Ethereum Price Prediction Today: Daily (ETH) Value Forecast – May 10

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  • On the upside, if the bulls break the 12-day EMA and the 26-day EMA, the crypto’s price will retest or break the $188 resistance level.
  • On the downside, if the bulls fail to break the EMAs, the crypto’s price may fall to a low at $170 price level.

ETH /USD Medium-term Trend: Bearish

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

Yesterday, May 9, the price of Ethereum was in a bearish trend. On May 8, it was assumed that if the $176 support level failed to hold the bears might break the support to reach the low at $168 price level. Yesterday, the price fell to a low at $171 and commenced a bullish movement. The price has broken the bearish trend line indicating that the bearish trend had reversed.

On the upside, if the bulls break the 12-day EMA and the 26-day EMA, the crypto’s price will retest or break the $188 resistance level. On the downside, if the bulls fail to break the EMAs, the crypto’s price may fall to a low at $170 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in a bullish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of ETH was in a bearish trend zone. On May 7, the bulls were resisted at the $192 price level and the price fell to a low at $174. The crypto’s price rose and the bulls broke the 12-day EMA and the 26-day EMA but were resisted at the $180 price level.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish 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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