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ETH/USD currently negotiating with SMA 50 to re-enter $190 zone

  • The MACD indicator has had a bullish session after 9 straight bearish periods.
  • ETH/USD went up from $160.90 to $181.80 this Friday. 

ETH/USD patrons have retained management of the market within the early hours of Saturday. This Friday has been a convincing victory for the bulls as Ethereum’s value jumped up from $160.90 to $181.80, breaking above the 20-day Easy Transferring Common (SMA 20) within the course of. The hourly breakdown exhibits us that ETH/USD was trending in a slender vary between $159.72 to $163.25 earlier than it spiked up to $181.70. After assembly intraday resistance at $181.75, earlier than it bounced down after which got here again strongly to go up to 183.85. Currently, the value wants to break above the resistance supplied by the SMA 50 curve.

ETH/USD each day chart

The 20-day Bollinger band has widened, indicating growing market volatility. The Transferring Common Convergence/Divergence (MACD) indicator has had a bullish session following 9 straight purple periods. The Elliott Oscillator has had two purchaser heavy periods after three consecutive bearish periods.

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