Ethereum Price Analysis: ETH/USD trends near the upper curve of the 20-day Bollinger band

in hive-116221 •  4 years ago 

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ETH/USD went up from $237.65 to $242.16 as Wednesday's session came to a close. The price is trending near the upper curve of the 20-day Bollinger band, as the MACD shows increasing bullish momentum. William's %R is hovering inside the overbought zone, hinting at upcoming bearish correction.

Support and Resistance

ETH/USD faces strong resistance at $248.35. On the downside, the price has healthy support at $232.60, $223.25, SMA 20 and SMA 50.


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4 years ago by

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