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Bulls take full control of ETH/USD

  • ETH/USD went up from $218.55 to $220.60.
  • The Relative Power Index (RSI) indicator is trending within the overbought zone.

ETH/USD had a bullish begin to Saturday following a bearish Friday. To date, the value has gone up from $218.55 to $220.60. The hourly breakdown exhibits us that ETH/USD had fallen to $214.85 this Thursday, the place it discovered help. Ever since then, the bulls then have been in a position to rally collectively and spike the value as much as $220.60 in simply three hours. Trying on the chart, ETH/USD is presently consolidating in a flag formation, getting primed for a breakout.

ETH/USD day by day chart

The value is trending above the 200-day Easy Shifting Common (SMA 200), SMA 50 and SMA 20 curves. SMA 20 is trying to cross over with the SMA 50, which is a bullish sign. The Shifting Common Convergence/Divergence (MACD) indicator exhibits rising bullish momentum, whereas the Elliott Oscillator exhibits 20 straight bullish periods of rising depth. The Relative Power Index (RSI) indicator is trending throughout the overbought zone.
 

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