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Forex news and analysis regular update by fxdailyinfo
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[QUOTE="Sforextrader, post: 147907, member: 52917"] [B]Ethereum Price Analysis – May 31[/B] ETHUSD Medium-term Trend: Bullish [B]Resistance[/B]: $585, $580, $575 [B]Support[/B]: $555, $560, $565 Yesterday, 30 May, the [B]ETHUSD [/B]pair was in a bullish market. Ethereum had established itself above the $550 price level. Meanwhile, the MACD line and the signal line were above the zero line, indicating a buy signal. Also, the price was above the 12-day and 26-day EMA indicating that the bullish trend was ongoing. Ethereum is currently trading at $569.10 at the time of writing. Nevertheless, today, the Ethereum price is sustained above $550. The asset price is fluctuating between $550 and $600 since 29 May. Meanwhile, the MACD line and the signal line are above the zero line, indicating a buy signal. The Ethereum price is above the 12-day and the 26-day EMA, indicating that the bullish trend is ongoing. However, since the asset price has been sustained above the $550, traders should initiate long orders above that level. ETHUSD Short-term trend: Bullish The daily chart shows that Ethereum is in a bullish market although the MACD line and the signal line are below the zero line, indicating a sell signal. The asset may reach $600 if the resistance level at $570 is broken. [B]Published on Fri, May 31, 2018, Fxdailyinfo forex analysis.[/B] [/QUOTE]
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