• ETH/USD went up from $283.50 to $285.20 this Friday.
  • Despite the bullish comeback, the market momentum remains bearish.

ETH/USD daily chart

This Thursday was pretty bearish for ETH/USD as the price fell from $302.20 to $283.50. The bulls are attempting a comeback and have taken the price back up to $285.20. This Thursday, the price fell below the 20-day simple moving average (SMA 20) curve, but it is still above the SMA 50 and SMA 200 curves. The moving average convergence/divergence (MACD) indicator shows five straight bearish sessions of increasing intensity.

ETH/USD 4-hour chart

The 4-hour ETH/USD market was trending in the green Ichimoku cloud before it plunged. The market found support on the $283.45 line. The Elliot Oscillator has had three bearish sessions in a row.

ETH/USD hourly chart

The hourly price chart is trending in an upwards channel formation. The price fell below the lower curve of the 20-day Bollinger band before it managed to creep back in. The widening of the Bollinger jaw indicated increasing market volatility. The relative strength index (RSI)  indicator is in the oversold zone before it crept out.

Key Levels

ETH/USD

Overview
Today last price 284.93
Today Daily Change 1.95
Today Daily Change % 0.69
Today daily open 282.98
 
Trends
Daily SMA20 293.63
Daily SMA50 269.96
Daily SMA100 218.72
Daily SMA200 173.11
Levels
Previous Daily High 303.79
Previous Daily Low 280.19
Previous Weekly High 363.54
Previous Weekly Low 274.86
Previous Monthly High 363.54
Previous Monthly Low 226.48
Daily Fibonacci 38.2% 289.21
Daily Fibonacci 61.8% 294.77
Daily Pivot Point S1 274.19
Daily Pivot Point S2 265.4
Daily Pivot Point S3 250.6
Daily Pivot Point R1 297.78
Daily Pivot Point R2 312.58
Daily Pivot Point R3 321.37

 


 

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