ETH/USD daily chart

  • ETH/USD is currently trading at $133.
  • The bulls and bears were matched evenly this Thursday. The bears managed to eke out a victory.

ETH/USD 4-hour chart

  • The ETH/USD 4-hour chart is trending inside the green cloud of the Ichimoku indicator which shows that the market is ready for a breakout.
  • The last six sessions of the Elliot wave shows a bullish disposition. However, each session is gradually decreasing in intensity.

ETH/USD hourly chart

  • The hourly ETH/USD is sandwiched between the 20-day simple moving average (SMA 20) and SMA 50 curves.
  • The market shows lower volatility as per the 20-day Bollinger band and the moving average convergence/divergence (MACD).
  • The last session made the price sit right on top of the SMA 20 curve.

Key Levels

  • Resistance 3: $137.65
  • Resistance 2: $136.21
  • Resistance 1: $134.54
  • Pivot Point: $133.09
  • Support 1: $131.43
  • Support 2: $129.98
  • Support 3: $128.32

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