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  • 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.