ETH/USD daily chart
- ETH/USD daily chart forms bullish flag patterns which are ready for a breakout.
ETH/USD 4-hour chart
- Bulls and bears cancel each other out in the last two sessions.
- ETH/USD 4-hour market trends sideways but remains in the bullish zone since it is trending above the 20-day simple moving average (SMA 20) curve.
- The relative strength index (RSI) is creeping along the overbought zone.
ETH/USD hourly chart
- Market forms ascending wedge which is prime for a breakout.
- Moving average convergence/divergence shows that bullish momentum is decreasing.
- Resistance 3: $160.77
- Resistance 2: $156.80
- Resistance 1: $151.80
- Pivot Point: $147.82
- Support 1: $142.82
- Support 2: $138.84
- Support 3: $133.84