Ethereum Price Analysis – July 4

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Ethereum Price Analysis – July 4

Wed Jul 04, 2018 10:04 am

Ethereum Medium-term Trend: Bullish
Supply zones: $600, $650, $700

Demand zones: $350, $300, $250

Ethereum continues in bullish trend in the medium-term outlook. The bearish pressure pushed the cryptocurrency to $451.37 in the demand area. This is above the 50-day EMA and within the 50.0 fib level. The 50.0 and 68.1 fib level are good trend reversal areas. The formation of bullish candles around these areas are indications that the bulls are back to push price further north.

The stochastic oscillator is at 41 percent with signal pointing up suggesting upward movement in the price of the cryptocurrency due to the bulls increased momentum and pressure.



https://www.cryptoglobe.com/latest/2018 ... is-july-4/

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