Home ETH/USD Technical Analysis: Bulls aim $150 barrier
Crypto News

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.
     

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.