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