ETH/USD fell from $219.25 to $214.25 in the early hours of Thursday. The SMA 20 curve is acting as immediate market resistance. ETH/USD daily chart Following a bullish Wednesday, wherein the price of ETH/USD went up from $209.70 to $219.25, the bears gained the upper hand this Thursday, pushing the price down to $214.25.The market is trending below the 20-day simple moving average (SMA 20) and SMA 50 curves. The SMA 20 curve acts as immediate market resistance. The moving average convergence/divergence shows increasing bullish momentum. ETH/USD 4-hour chart The 4-hour ETH/USD market is currently trending inside the green Ichimoku cloud. The Elliot oscillator shows 12 straight bullish sessions of increasing intensity. The SMA 20 has crossed over the SMA 50 and they are both trending below the market. ETH/USD hourly chart The hourly chart shows that the bulls took the price up to $218.75 before it met resistance and bounced down to $213.85, reaching a low of $211. During the latest hourly session, the price went back up to $214.25. The relative strength index (RSI) indicator went up to the overbought zone and then fell down to 50. 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 Asian shares extend declines amid USD surge as Fed poured cold water on bears FX Street 4 years ETH/USD fell from $219.25 to $214.25 in the early hours of Thursday. The SMA 20 curve is acting as immediate market resistance. ETH/USD daily chart Following a bullish Wednesday, wherein the price of ETH/USD went up from $209.70 to $219.25, the bears gained the upper hand this Thursday, pushing the price down to $214.25.The market is trending below the 20-day simple moving average (SMA 20) and SMA 50 curves. The SMA 20 curve acts as immediate market resistance. The moving average convergence/divergence shows increasing bullish momentum. ETH/USD 4-hour chart The 4-hour ETH/USD market is currently trending inside the green Ichimoku… 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.
