ETH/USD Technical Analysis: Bulls aim $150 barrier

• ETH/USD bulls took the price up from $138 to $143.60.
• The bulls will want to continue their momentum to breach the $150 level.

ETH/USD daily chart

• The bulls will want to break the $150 barrier and the resistance provided by the 200-day simple moving average (SMA 200).
• The moving average convergence divergence (MACD) indicator shows that the signal line is converging with the MACD line to indicate bullish momentum.

ETH/USD 4-hour chart

• The 4-hour ETH/USD chart had a bullish breakout from the green cloud of the Ichimoku indicator.
• The relative strength index (RSI) curve as entered the overbought zone.  

ETH/USD hourly chart

• The last session of the hourly ETH/USD chart was so bullish that it reached the upper curve of the 20-day Bollinger band.  
• The 20-day Bollinger band shows that the market is becoming more volatile.
• The last session was so bullish that the Elliot wave oscillator had a bullish session after three consecutive bearish sessions.