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

  • ETH/USD bulls stage a comeback following Tuesday’s negative price action.
  • The MACD shows increasing bullish momentum.
  • William’s %R is hovering within the overbought zone, hinting at upcoming bearish correction.
  • ETH/USD bulls stage a comeback following Tuesday’s negative price action.
  • ETH/USD bulls stage a comeback following Tuesday’s negative price action.
  • The MACD shows increasing bullish momentum.
  • The MACD shows increasing bullish momentum.
  • William’s %R is hovering within the overbought zone, hinting at upcoming bearish correction.
  • William’s %R is hovering within the overbought zone, hinting at upcoming bearish correction.

    ETH/USD daily chart

    ETH/USD daily chart

    ETH/USD daily chartETH/USD daily chart

    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.

    $237.65 to $242.16

    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.

    resistance

    Key levels

     

     


     


    From: FXSTREET