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Ethereum price analysis: ETH/USD shying away from re-entering the $150-zone?

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  • ETH/USD buyers finally came out on top this Thursday following five straight bearish days.
  • The MACD indicator shows that market momentum has changed from bearish to bullish.

ETH/USD daily chart

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ETH/USD has gone up from $145.70 to $148.30 this Thursday. In the process, the buyers finally managed to take back control of the market after five straight bearish days. However, the bears have promptly regained control and brought the price down to $148. The Moving Average Convergence/Divergence (MACD) indicator shows that market momentum has changed from bearish to bullish, while the Elliott Oscillator has had nine green sessions out of the last ten. The Relative Strength Index (RSI) indicator is trending around 37, next to the oversold zone.
 

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