- Ethereum recovery remains sluggish below $160 resistance zone.
- Most technical indicators remain bullish in the course of the weekend trading on Saturday.
Spot rate: $154.89
Relative change: -0.1056
Percentage change: 0.006%
Trend: Bullish
Volatility: Shrinking
ETH/USD daily chart
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Bullish sentiments growing for Ethereum as the full stochastic oscillator corrects from the oversold.
Ethereum must break both the resistances at $160 and the descending trendline to open the door for gains heading to $180.
ETH/USD 4-hour chart
-637106960530556199.png)
Ethereum grinds closer to a falling wedge pattern breakdown.
The 50 SMA at $150 is in line to offer support in addition to $145, $140 and $130.
ETH/USD 1-hour chart
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Ethereum trend has a bullish bias in the short term, trendline support continues to be instrumental.
The price is trading above the 50 SMA and the 100 SMA.
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