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ETH/USD bulls lack the momentum needed to break past $150-barrier

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  • The 20-day Bollinger band is narrowing, indicating reducing value volatility.
  • The Relative Power Index (RSI) indicator is trending round 39.

ETH/USD day by day chart

ETH/USD bulls managed to outlast the bears this Friday, going up from $148.35 to $149. To date, the value has managed to go up barely to $149.15 and is floating beneath the 200-day Easy Shifting Common (SMA 200), SMA 50 and SMA 20 curves. The SMA 20 curve has dipped beneath and is performing like fast market resistance. The 20-day Bollinger band has narrowed, indicating reducing value volatility. The Shifting Common Convergence/Divergence (MACD) indicator exhibits barely rising bullish momentum, whereas the Elliott Oscillator has had three straight inexperienced classes. The Relative Power Index (RSI) indicator is trending round 39, subsequent to the oversold zone.
 

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