|$ETH Price Change|
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The Ethereum weekly trend is down. The last time we saw this price for ether was on May 17 2017 when one $ETH sold for $90.16. Unquestionably ether is in a downtrend at the moment, for the week and month. In this quarter on October 14 2018 we saw ether spike to $239.
Long traders are still looking for that type of bullish spike again, and a signal indicating an end to the current bearish trend. We do not see that indication today, but the short term outlook is bouyant.
[Trend is "down" when the weekly price movement is predominantly downwards.]
Tap / click to zoom:
Moving Average Convergence Divergence (MACD)
The MACD on the four hour chart is bullish.
Exponential Moving Averages (EMA)
The short term EMA is below both the medium and long term EMA but is poised to cross the medium term EMA, headed north. This is a bullish state. Moreover, the bull crossover could trigger further bullish gains.
Relative Strength Index (RSI)
The Relative Strength Index on the one hour chart is 59.5. This is a neutral state.
The RSI is firmly in neutral territory as the one hour, two, four, six and twelve hour RSI are all neutral.
[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]
Bitcoin Price Modifier
The 24 hour Bitcoin change is 2.73%. This may exert a bullish influence on Ethereum today.
Ethereum $ETH Price Outlook
- the Ethereum $ETH price outlook is bullish
- if the price finds acceptance at higher levels the immediate resistance prints at 91.31
- if the price finds acceptance at lower levels the immediate support prints at 88.87
The author does not hold Ethereum $ETH at the time of writing.
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