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Ethereum technical analysis: ETH/USD encounters resistance at the SMA 50 curve

FX Street
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  • ETH/USD daily chart shows decreasing bullish market momentum.
  • The hourly chart is floating below the red Ichimoku cloud.

ETH/USD daily chart

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ETH/USD is trading for $182.50 as the bears and bulls are engaged in a war for control. The price has encountered resistance at the 50-day Simple Moving Average (SMA 50) and is trending above the SMA 20 curve. The Moving Average Convergence/Divergence (MACD) indicates decreasing bullish market momentum.

ETH/USD four-hour chart

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ETH/USD four-hour chart is sandwiched between the SMA 20 and SMA 50 curves. The Relative Strength Index (RSI) indicator is trending around the neutral zone and its 20-day Bollinger width shows normal market volatility.

ETH/USD hourly chart

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The hourly ETH/USD is floating below the red Ichimoku cloud and has found resistance at the SMA 20 curve. The Elliott Oscillator has had a green session after five consecutive red sessions.

Key Levels

 

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