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ETH/USD Daily Chart

  • Ethereum bulls and bears have fought each other to a standstill this Tuesday.  
  • ETH/USD is currently trading for $174.50 after reaching a high of $184.
  • The bulls are aiming for the $180-level as the bears are fighting furiously to keep the price down.
  • The market is trending above the SMA 200, SMA 50, and SMA 20 curves.
  • The relative strength index (RSI) indicator is currently trending at 62.50.

ETH/USD 4-Hour Chart

  • The 4-hour ETH/USD market has taken the price below the upper curve of the 20-day Bollinger band.
  • The lower band of the Bollinger band has crept up which shows lower market volatility.
  • The Elliot wave oscillator shows three consecutive bearish sessions following seven consecutive bullish sessions.
  • The market is trending above the SMA 200, SMA 50, and SMA 20 curves.
  • The SMA 50 curve may cross over the SMA 200 curve which is a bullish sign.

ETH/USD Hourly Chart

  • The hourly ETH/USD price has had a bearish breakout from the flag formation.  
  • The bulls then came back and brought the price back up to $176
  • The Ichimoku indicator shows upcoming bearish market momentum.
  • The signal line is converging slowly with the MACD line indicating decreasing bullish momentum.

Key Levels