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ETH/USD Daily Chart

  • ETH/USD went up from $172.65 to $174.65 as markets opened on Saturday.
  • The price is currently trending inside an upward channel formation.
  • The price is trending above the SMA 200, SMA 50, and SMA 20 curves.
  • The signal line is diverging away from the MACD line as the bullish momentum increases.
  • The relative strength index (RSI) indicator is trending around 61.90.

ETH/USD 4-Hour Chart

  • The narrowing of the 20-day Bollinger band shows decreasing market volatility.
  • The latest session is looking to peek out of the upper curve of the Bollinger band.
  • The latest session is also flirting with the $175 level.
  • The price is also trending above the SMA 200, SMA 50, and SMA 20 curves.

ETH/USD Hourly Chart

  • The hourly ETH/USD market has jumped out of the red cloud of the Ichimoku indicator.
  • The Elliot wave oscillator has had five consecutive bearish sessions.  
  • However, the red cloud shows us a possible upcoming short-term bearish correction.

Key Levels