Ethereum has remained relatively flat for the past four days as bulls and bears are fighting for the $400 level. The 2020-high remains at $415.21 with a support level located at $366.7 in the short-term.
The 12-EMA is currently at $358.83, quite far from the actual price of $397. If Ethereum crashes, bulls can use the EMA as a support level. More support can be found at $327.87. The RSI has cooled off slightly but remains in the overbought zone.
Ethereum is defending the 12-EMA while buyers are waiting for the next leg up above $400. If the 12-EMA breaks, the 26-EMA at $386.46 should serve as a strong support point.
Reprinted from fxstreet, the copyright all reserved by the original author.