Rajarshi Mitra
Independent Analyst
- The SMA 20 curve is looking to cross over the SMA 50 curve in the daily chart.
- The 4-hour chart shows five consecutive red sessions in the Elliot Oscillator.
ETH/USD daily chart
-637086948316870695.png)
The price of ETH/USD has gone down from $191.45 to $189.60. The 20-day Simple Moving Average (SMA 20) curve is looking to cross over the SMA 50, which is a bullish sign. The Moving Average Convergence/Divergence (MACD) indicates sustained bullish momentum.
ETH/USD 4-hour chart
-637086948024830176.png)
The four-hour chart has support at the upward trending line and is floating above the SMA 20, SMA 50 and SMA 200 curves. The Elliott Oscillator shows four straight red sessions. The price chart was about to break above the 20-day Bollinger band before it managed to correct itself.
ETH/USD hourly chart
-637086947745135796.png)
The hourly chart shows us that the price fell from $191.45 to $189.50 in just two hours. The price has found support at the SMA 20 curve. The hourly price is floating above the green Ichimoku cloud. The Relative Strength Index (RSI) indicator is trending around 46.85.
Key Levels
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Raydium soars 18% as Upbit lists RAY/KRW and RAY/USDT trading pairs
Raydium (RAY) price rallies more than 18% on Thursday after rebounding from its key support the previous day. The main reason for RAY’s rally is that Upbit, South Korea’s largest cryptocurrency exchange, announced the listing of RAY trading pairs.
Ethereum Price Forecast: ETH stays muted as uncertainty from Middle East crisis weighs on market sentiment
Ethereum (ETH) held steady around $2,500 in the early Asian session on Thursday following mixed activity across its on-chain data. Ethereum is experiencing calmness in its on-chain metrics following an extended period of price consolidation that has spanned the past six days after dropping from above $2,700.
Top 3 Crypto Gainers: RAY, AERO, SPX shrug off market volatility, record double-digit growth
Decentralized Finance (DeFi) tokens such as Raydium (RAY), Aerodrome Finance (AERO), and SPX6900 (SPX) outperformed the broader cryptocurrency market over the last 24 hours, following the Federal Reserve's decision to keep the policy rates unchanged at 4.25%-4.5% in the June policy meeting.
Bitcoin, Ethereum, XRP hold steady as Federal Reserve leave rates unchanged
Bitcoin (BTC) and altcoins, including Ethereum (ETH), XRP, and Solana (SOL), saw slight movements on Wednesday as the crypto market stayed resilient following the Federal Reserve's (Fed) decision to leave rates unchanged at 4.25%-4.50%.
Bitcoin: BTC could slump to $100K amid Trump-Musk tussle
Bitcoin (BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.