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  • ETH/USD flew up from $228.60 to $245.75 this Friday.
  • The MACD indicates decreasing bearish momentum.

ETH/USD daily chart

ETH/USD daily chart

ETH/USD encountered resistance at the SMA 20 curve as the price dropped slightly from $245.75 to $244.58. This followed a heavily bullish Friday where ETH/USD flew up from $228.60 to $245.75. The price is still trending above the SMA 50 and SMA 200. The MACD indicates decreasing bearish momentum, while the Elliott Oscillator has had three straight green sessions.