ETH/USD dropped from $174.70 to $161.25 this Thursday. The daily chart shows that the RSI indicator is trending around 32.35, next to the oversold zone. ETH/USD daily chart The daily ETH/USD price has dropped below the 20-day Bollinger curve, indicating that it is undervalued. The Bollinger jaw has widened, showing increasing price volatility. The is also floating below the 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves. ETH/USD 4-hour chart The 4-hour chart shows that the price dropped from $175.25 to $160.45 in 16 hours. Having found support at the $160.45 level and gone up to $161.75. The Elliott Oscillator has had five straight red sessions. The Bollinger width has gone up from 0.067 to 0.14, indicating increasing volatility. ETH/USD hourly chart The hourly ETH/USD is trending in an upwards channel formation and is floating below the SMA 20, SMA 50 and SMA 200 curves. Currently, the hourly price has found resistance at the $162.75 line and dropped to $161.75. 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 PBOC Adviser Ma: China still has room to adjust its counter-cyclical policies FX Street 3 years ETH/USD dropped from $174.70 to $161.25 this Thursday. The daily chart shows that the RSI indicator is trending around 32.35, next to the oversold zone. ETH/USD daily chart The daily ETH/USD price has dropped below the 20-day Bollinger curve, indicating that it is undervalued. The Bollinger jaw has widened, showing increasing price volatility. The is also floating below the 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves. ETH/USD 4-hour chart The 4-hour chart shows that the price dropped from $175.25 to $160.45 in 16 hours. Having found support at the $160.45 level and gone up… 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.
