Ethereum technical analysis: ETH/USD re-enter the $190 zone following three straight bullish days
- ETH/USD daily chart shows sustained bullish momentum.
- The 4-hour ETH/USD is floating above the green Ichimoku cloud.
ETH/USD daily chart
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ETH/USD managed to chart three bullish days in a row, going up from $181.85 to $190.35.The market is trending above the 20-day and 50-day Simple Moving Average (SMA 20 and SMA 50) curves. The SMA 20 is also looking to cross over the SMA 50 curve, which is a bullish sign. The Moving Average Convergence/Divergence (MACD) indicates sustained bullish momentum.
ETH/USD 4-hour chart
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The four-hour chart is floating above the green Ichimoku cloud and the SMA 20, SMA 50 and SMA 200 curves. The SMA 20 has crossed over the SMA 50 in the four-hour chart, which is a bullish sign and the Relative Strength Index (RSI) indicator is around 65.62, right next to the overbought zone.
ETH/USD hourly chart
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The hourly ETH/USD chart has found support at the SMA 20 curve and jumped. The 20-day Bollinger jaw is narrowing, indicating decreasing market volatility The Elliott Oscillator shows eight straight bearish sessions.
Key Levels
Author
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.
