Home Ethereum Price Analysis: ETH/USD climbs the upward trending line and enters the $230-zone
Crypto News

Ethereum Price Analysis: ETH/USD climbs the upward trending line and enters the $230-zone

FX Street
Updated:
  • The RSI indicator is trending around the neutral territory over the last ten days.
  • The Elliott Oscillator has had three green sessions out of the last five.

ETH/USD daily chart

ETH/USD daily chart

ETH/USD climbed up on the upward trending line and strung together three straight bullish days. So far, ETH/USD has gone up from $228.60 to $230.30, breaking above the $230 psychological level. The price is floating above the SMA 50 and SMA 200 curves and below the SMA 20. The MACD shows decreasing bearish momentum, while the Elliott Oscillator has had three green sessions out of the last five. Finally, the RSI indicator is trending around the neutral territory over the last ten days, showing that the bulls and bears are pretty much canceling each other out.
 

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.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024