Bollinger Band upper curve hinders growth amid thinning volatility and volume. Ethereum expected to consolidate between $180 and $190 in the coming sessions. Ethereum price has been remarkably slow in its movement since Monday. The lethargic movement follows a lower correction from highs around $198.32. The failure to break above must have discouraged the bulls while giving Ethereum bears a gap to explore. The lower correction stepped slightly under $180 during the last weekend session. However, the 100 Simple Moving Average (SMA) on the four-hour chart came out as strong support. Also aiding in support was the Bollinger Band four-hour lower curve. The move allowed Ethereum to push for reversal above $180 but the upside is limited under $180. The price is teetering at $186.12 while pushing for a breakout above the BB four-hour upper curve. The reducing volatility coupled with the low trading activity suggests limited trading activities. Besides, the Relative Strength Index (RSI) is leveling above the average signifying just enough energy to sustains Ethereum above the short-term support $185. The Moving Average Convergence Divergence (MACD) currently horizontal at 0.000 suggests that consolidation between $190 and $180 will prevail in the short-term. ETH/USD four-hour chart 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. View All Post By FX Street Crypto News share Read Next EUR/USD registers an inside day ahead of German Zew survey FX Street 4 years Bollinger Band upper curve hinders growth amid thinning volatility and volume. Ethereum expected to consolidate between $180 and $190 in the coming sessions. Ethereum price has been remarkably slow in its movement since Monday. The lethargic movement follows a lower correction from highs around $198.32. The failure to break above must have discouraged the bulls while giving Ethereum bears a gap to explore. The lower correction stepped slightly under $180 during the last weekend session. However, the 100 Simple Moving Average (SMA) on the four-hour chart came out as strong support. Also aiding in support was the Bollinger Band four-hour… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
