Ethereum technical analysis: ETH/USD re-enter the $190 zone following three straight bullish days
|- ETH/USD daily chart shows sustained bullish momentum.
- The 4-hour ETH/USD is floating above the green Ichimoku cloud.
ETH/USD daily chart
ETH/USD managed to chart three bullish days in a row, going up from $181.85 to $190.35.The market is trending above the 20-day and 50-day Simple Moving Average (SMA 20 and SMA 50) curves. The SMA 20 is also looking to cross over the SMA 50 curve, which is a bullish sign. The Moving Average Convergence/Divergence (MACD) indicates sustained bullish momentum.
ETH/USD 4-hour chart
The four-hour chart is floating above the green Ichimoku cloud and the SMA 20, SMA 50 and SMA 200 curves. The SMA 20 has crossed over the SMA 50 in the four-hour chart, which is a bullish sign and the Relative Strength Index (RSI) indicator is around 65.62, right next to the overbought zone.
ETH/USD hourly chart
The hourly ETH/USD chart has found support at the SMA 20 curve and jumped. The 20-day Bollinger jaw is narrowing, indicating decreasing market volatility The Elliott Oscillator shows eight straight bearish sessions.
Key Levels
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.