Home Ethereum Price Analysis: Bears start strong following a slightly bullish Friday
Crypto News

Ethereum Price Analysis: Bears start strong following a slightly bullish Friday

FX Street
Published date:
  • ETH/USD went up very slightly from $128.35 to $128.45 this Friday.
  • The Elliott Oscillator has had a green session following five straight red sessions.

ETH/USD daily chart

ETH/USD daily chart

ETH/USD went up slightly from $128.35 to $128.45 this Friday. Following this, the bears started strong this Saturday and they managed to take the price down to $127.85. The price has encountered resistance at the downward trending like and is sitting on the lower curve of the 20-day Bollinger Band. The Elliott Oscillator has had a green session following five straight red sessions, while the Moving Average Convergence/Divergence (MACD) indicates decreasing bearish momentum. The Relative Strength Index (RSI) indicator is trending horizontally around 34, next to the oversold zone, which shows that the bulls and bears have been canceling each other out.
 

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