ETH/USD went up from $167 to $174.15 this Thursday. The 50-day simple moving average (SMA 50) and SMA 200 curves are on track to chart the golden cross. ETH/USD has had an extremely fruitful Thursday as the bulls took the price up from $167 to $174.15, breaking past the $170 barrier in the process. The last time the market managed to do so was back on April 7th. The price managed to be in that zone for the next three days before the market went down on April 11th. Currently, the price is trending in a channel which hints at a possible breakout. ETH/USD Daily Chart The SMA 50 and SMA 200 curves are still on course to chart the golden cross intersection. This is one of the most strongly bullish indicators in technical analysis. The latest session in the Elliot Wave Oscillator was bullish after seven consecutive bearish sessions. This shows that the market sentiment may have shifted from the bears to the bulls. The signal line is about to converge with the moving average convergence divergence (MACD) line which shows decreasing bearish momentum. The relative strength index (RSI) indicator curve is creeping towards the overbought zone. 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 GBP/JPY Technical Analysis: Ascending triangle break remains in play despite Japan’s upbeat inflation data FX Street 4 years ETH/USD went up from $167 to $174.15 this Thursday. The 50-day simple moving average (SMA 50) and SMA 200 curves are on track to chart the golden cross. ETH/USD has had an extremely fruitful Thursday as the bulls took the price up from $167 to $174.15, breaking past the $170 barrier in the process. The last time the market managed to do so was back on April 7th. The price managed to be in that zone for the next three days before the market went down on April 11th. Currently, the price is trending in a channel which hints at… 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.
