Home Ethereum market overview: ETH/USD continues to plod along horizontally
Crypto News

Ethereum market overview: ETH/USD continues to plod along horizontally

FX Street
Published date:
  • ETH/USD went down from $181.57 to $181 in the early hours of Saturday.
  • The moving average convergence/divergence (MACD) shows sustained bullish momentum.

Ethereum has been trending horizontally for the last seven days. ETH/USD went down from $181.57 to $181 in the early hours of Saturday. Over the previous seven days, the price has been trending between $181.65 – $178.50. The hourly breakdown of Friday shows us that the price fell to $178.25 when it suddenly spiked to $181.60 within three hours. The price then met resistance and fell to $181.

ETH/USD daily chart

fxsoriginal

Nine days back ETH/USD had a bullish breakout from the downward trending line and has been plodding along horizontally since. The market has been trending below the 200-day simple moving average (SMA 200) and SMA 50 curves. ETH/USD has also found support at the SMA 20 curve. The moving average convergence/divergence (MACD) indicator shows sustained bullish momentum. The Elliott oscillator has had 13 straight bullish sessions.
 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026