Ethereum (ETH) Daily Price Forecast – September 12

[analyst100]

ETH/USD Medium-term Trend: Bearish


Resistance Levels: $200, $220, $240
Support Levels: $160, $140, $120

Yesterday, September 11, the price of Ethereum was in a bearish trend. The price of Ethereum fell to the low of $175.69. Today, the cryptocurrency is in a bearish trend. Price has broken the major support level of $200. Price is likely to test the next support level which is $160 price level.

If price reaches the next support level, that would probably be the first low since the beginning of the year.Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 22 which indicates that the market is oversold suggesting bulls to take control of the market.


ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. Price of Ethereum is falling because the 12-day EMA and the 26-day EMA are above the price of the cryptocurrency. The MACD line and the signal line are below the zero line which indicates a sell signal.


The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Thirdspace]

you posted this in the wrong subforum
you should move this thread to Altcoin Discussion or Speculation

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

and what's with the disclaimer, did you just copy paste this?

[TurveyDrop]

I am agree with you ethereum price are falling down and it also bearish trend. but i believe that it is better opportunity to make more profit. if you buying ethereum with low price and  hold it for a good time. when price increase than you sale and get profit its normal.

[TurveyDrop]

yes you are right. ethereum price is falling down that like its bearish trend. but it will turn around and increase its price very soon. i think it is a better opportunity to invest in ethereum.

[Fornam]

your analysis are good. ethereum price are falling down now. its look like a bearish trend. but i believe that it will make profit in future by by increasing its price. if you buy ethereum with low price and sale it when increase price than you get profit its normal.

[ShiftLocker]

Some how the ETH  price is low but I think it will grow up again. Now the price is nare about 200 dollar. The next month the price will grow to 300 dollar. So I suggest to hold your ETH coin.

[anobtc]

It's falling again after reaching Resistance Levels: $220. I'll follow its price on the 200$ support level. But seem like it is quite difficult to maintain this support level. Possibly the next support level $ 160

[CryptoPairFTX]

 ETH cost is low however I figure it will grow up once more. Presently the cost is nare around 200 dollar. The following month the cost will develop to 300 dollar. So I recommend to hold your ETH coin.

[burdagol12345]

ETH/USD Medium-term Trend: Bearish


Resistance Levels: $200, $220, $240
Support Levels: $160, $140, $120

Yesterday, September 11, the price of Ethereum was in a bearish trend. The price of Ethereum fell to the low of $175.69. Today, the cryptocurrency is in a bearish trend. Price has broken the major support level of $200. Price is likely to test the next support level which is $160 price level.

If price reaches the next support level, that would probably be the first low since the beginning of the year.Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 22 which indicates that the market is oversold suggesting bulls to take control of the market.


ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. Price of Ethereum is falling because the 12-day EMA and the 26-day EMA are above the price of the cryptocurrency. The MACD line and the signal line are below the zero line which indicates a sell signal.


The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Crypto currency is really unpredictable in which Ethereum price is now below $300 for many weeks. Fortunately, the rejection ETF proposals did not create a negative impact to the market in which it may put all Crypto currencies at its worst specially the Ethereum. Hopefully the bearish market is over too so that the market can fully move forward.