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Ethereum $ETH Forecast: Sunday Edition: Anemic

August 26 2018 17:25 UTC

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

@ETHNews_ Analysis

View: no opinion

no opinion

Aayush Jindal of @ETHNews_ notes "the 12-hour chart indicators are slowly recovering in the bearish territory [and] ETH/USD will either break the $280.00-290.00 resistance or decline below the $260.00 support"

@investingcom Analysis

View: bearish

bearish

Automated Signal of @investingcom observes "DAILY DATA > Summary:Strong Sell > Moving Averages:Strong Sell: Buy (0) Sell (12) > Technical Indicators:Strong Sell"
Published: August 26 2018 13:07:31 – Real-time Data

@bitcoinsguide Analysis

View: sideways

sideways

Azeez M of @bitcoinsguide elucidates "Ethereum reached the low of $ 260 and is now in a sideways trend. The digital currency is range bound between the levels of $320 and $260 [and] the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicate that the bearish pressure is ongoing. The Relative Strength Index period 14 is level 36 which indicates that the market is oversold suggesting bulls to take control of the market"

Ethereum $ETH Forecast

on Sunday August 26 2018 17:25 UTC

no opinionbearishsideways

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

One expert is sitting on the fence, the automated signal cries strongly bearish and our last expert with their long term analysis reads a sideways trend.

In a word the $ETH forecast is anemic.

Dictionary.com – “Anemic”
Tap or click for detail:

There is some evidence for a hard break in trend with the end of the weekend and resumption of normal weekly trading. If this is the case, then with such weak views as expressed above look for increased bearish action on Monday. Note that “Monday” begins at different times depending on your timezone.


[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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