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Ethereum Price Prediction: ETH/USD daily confluence detector shows a lack of strong resistance levels – Confluence Detector

  • ETH/USD bulls remained in control for the second straight day.
  • Confluence detector show one good support level at $248.
Ethereum Price Prediction: ETH/USD daily confluence detector shows a lack of strong resistance levels – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

ETH/USD daily confluence detector

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ETH/USD bulls remained in control of the market for the second straight day as it rose up from $248 to $249. ETH/USD daily confluence detector shows a lack of strong resistance on the upside. On the downside, healthy support lies at $248, which has the one-hour SMA 5, 4-hour Bollinger Band upper curve, one-day Fibonacci 38.2% retracement level and 15-min Bollinger Band.
 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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