Resistance and support zones for Ethereum:
Resistance zones: $222, $234, $242
Support zones: $213, $203, $195
Ethereum Price Analysis for Medium-term: Bullish
ETH/USD is bullish in its medium-term. Three days ago the coin was bearish, it went down to the support zone of $187 where the bulls took over the market and the price was increased slightly to enter a consolidation phase. The coin was ranging between the level of $203 and the support level of $195 shortly.
The coin has moved to the north when the bears lost their pressure and the bulls came into the market with full force. The coin may continue its uptrend movement to the resistance zone of $250.
ETH is above the 10-day EMA and 50-day EMA with the RSI 14 at the 80 levels and its signal lines pointing to the north which indicates buy signal.
Ethereum Price Analysis for Short-term: Bullish
ETH/USD is bullish in its short-term. The coin made a downward movement towards the support zone of $187 after which it was rejected by the bulls with the formation of bullish candles. More bears with their pressure pushed the coin to the upper resistance level of $243.
The market is above the10-day EMA and 50-day EMA with the RSI above 80 level with signal lines pointing downward, which indicates sell signal as a pullback.
