ETH/USD: Bulls try to fight back following bearish domination - Technical Analysis
|ETH/USD daily chart
- The ETH/USD daily chart shows that the market has had a bearish break out from the triangle formation.
- The 20-day simple moving average (SMA 20) curve has crossed over the SMA 50 and the SMA 200 curves to show a strong buy signal.
ETH/USD 4-hour chart
- The ETH/USD 4-hour chart shows that the market is trending below the SMA 20 curve.
- The 20-day Bollinger band shows that the market is becoming less volatile.
- The relative strength index (RSI) graph is creeping towards the oversold territory.
ETH/USD hourly chart
- The bulls have fought back convincingly over the last three sessions.
- The moving average convergence/divergence (MACD) histogram shows decreasing bearish momentum in the short-term.
Key Levels
- Resistance 3: $144.21
- Resistance 2: $141.84
- Resistance 1: $139.50
- Pivot Point: $137.12
- Support 1: $134.78
- Support 2: $132.40
- Support 3: $130.06
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.