The daily ETH/USD chart is trending in a downwards channel formation. The hourly ETH/USD chart shows two straight red sessions in the Elliott Oscillator. ETH/USD daily chart The daily chart ETH/USD is trending in a downward channel formation. Currently, the price went up slightly from $174.60 to $174.85 so far this Thursday. The price is floating below the 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves. The Moving Average Convergence/Divergence (MACD) indicates increasing bearish momentum. ETH/USD 4-hour chart The SMA 200 curve is about to cross over SMA 50, which is the heavily bearish “death cross” pattern. The 20-day Bollinger jaw has narrowed, which indicates decreasing price volatility. The Relative Strength Index (RSI) indicator is trending around 37.50, next to the oversold zone. ETH/USD hourly chart The hourly ETH/USD has found immediate resistance at the SMA 20 and SMA 50 curves. The Elliott Oscillator shows two straight red sessions. Intraday resistance lies at $175.75. 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 AUD/USD technical analysis: Off lows, but flag breakdown is still valid FX Street 3 years The daily ETH/USD chart is trending in a downwards channel formation. The hourly ETH/USD chart shows two straight red sessions in the Elliott Oscillator. ETH/USD daily chart The daily chart ETH/USD is trending in a downward channel formation. Currently, the price went up slightly from $174.60 to $174.85 so far this Thursday. The price is floating below the 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves. The Moving Average Convergence/Divergence (MACD) indicates increasing bearish momentum. ETH/USD 4-hour chart The SMA 200 curve is about to cross over SMA 50, which is the heavily bearish "death cross"… 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.
