Ethereum

Ethereum $ETH Forecast: Midweek Edition: Experts Wary

August 15 2018 19:02 UTC

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This edition features popular Ethereum $ETH technical analyses from @ETHNews_, @bitcoinsguide and @Investingcom. Or jump right to today’s Ethereum $ETH Forecast.

@ETHNews_ Analysis

View: no opinion

no opinion

Aayush Jindal of @ETHNews_ scrawls "Ether’s price stayed above the $250.00 support and corrected more than 7 percent against the US dollar [and] Technically, the 2-hour chart indicators are near their midlines in the bullish territory"

@bitcoinsguide Analysis

View: no opinion

no opinion

Azeez M of @bitcoinsguide commits "the ETH price made a bullish movement to the high of $287.10. If the bulls break the resistance at $300, the price would reach the high of $400 [and] the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is below the 12-day EMA and the 26-day EMA which Indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 39 which indicates that the market is oversold suggesting bulls to take control of the market"

@Investingcom Analysis

View: bearish

bearish

Automated Signal of @Investingcom scrawls "ETH/USD Bitfinex Technical Analysis – Daily: Moving Averages:Strong Sell – Technical Indicators:Strong Sell"
Published: August 15 2018 14:47:52 – Real-time Data

Ethereum $ETH Forecast

on Wednesday August 15 2018 19:02 UTC

no opinionno opinionbearish

The crypto pundits say: “no opinion/no opinion/bearish/”.

Today our experts carefully iterated their analysis and steered clear of strong directional vocabulary instead preferring to sketch the dynamics and let the investor decide price direction. Having recently failed to correctly assess the $ETH meltdown their wariness is not without warrant.

One industry pundit elsewhere suggests that technical analysis is akin to astrology, however their credentials are in question. Other crypto observers feel that the metrics of technical analysis hold all the answers however this is as yet to be proven with any consistency. So today we have opinions and possible directions but no stated convictions – except for our Investing.com automated signal on daily $ETH data, which is strongly bearish.


[legal disclaimer] Just one news report can invalidate a technical analysis.

Disclosure

The author does not hold Ethereum $ETH at the time of writing.

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