The MACD indicator shows increasing bearish momentum. The four-hour chart’s RSI indicator has crept out of the oversold zone. ETH/USD daily chart The ETH/USD daily chart is trending in a downward channel formation and is floating below the 20-day, 50-day and 200-day Simple Moving Average (SMA 20, SMA 50 and SMA 200) curves. The Moving Average Convergence/Divergence (MACD) indicates increasing bearish momentum. ETH/USD four-hour chart The four-hour chart dipped below the 20-day Bollinger band before it managed to trend horizontally and re-enter it. The Bollinger jaw width has increased, which shows rising market volatility. The Relative Strength Index (RSI) indicator had dipped into the oversold zone but is now trending around at its edge. ETH/USD hourly chart The hourly ETH/USD chart has found strong resistance at the $162.70 level, following which it fell down. The Elliott Oscillator has had 11 straight bullish sessions. Key Levels 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 Facebook’s Libra could cripple AliPay and WeChat Pay says Tencent FX Street 3 years The MACD indicator shows increasing bearish momentum. The four-hour chart's RSI indicator has crept out of the oversold zone. ETH/USD daily chart The ETH/USD daily chart is trending in a downward channel formation and is floating below the 20-day, 50-day and 200-day Simple Moving Average (SMA 20, SMA 50 and SMA 200) curves. The Moving Average Convergence/Divergence (MACD) indicates increasing bearish momentum. ETH/USD four-hour chart The four-hour chart dipped below the 20-day Bollinger band before it managed to trend horizontally and re-enter it. The Bollinger jaw width has increased, which shows rising market volatility. The Relative Strength Index (RSI) indicator… 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.
