Categories: Ethereum

Ethereum price analysis: Bulls remain in full control of the market

Click here to view original web page at
  • ETH/USD has gone up from $272.20 to $279 in the early hours of Friday.
  • The bulls will want to gather enough momentum to get past resistance at $285.

ETH/USD bulls remain in full control of the market as the price went up from $272.20 to $279 in the early hours of Friday. This means that bulls have been in control of the ETH/USD market for three days in a row. In the first two hours of Friday, the price of ETH/USD shot up from $272.20 to $282.30. Since then, the bears stepped in and the price has gone down to $279 over the next two hours. The bulls will want to gather enough momentum to get past resistance at $285.

ETH/USD daily chart

The daily ETH/USD has reached the upper curve of the 20-day Bollinger band. The widening of the Bollinger jaw indicates higher market volatility. The market has found support on the upward trending line and is trending above the 200-day simple moving average (SMA 200) curves, SMA 50 and SMA 20 curves.

The relative strength index (RSI) indicator is trending around 63.60. The Elliot oscillator is back in the bullish zone while the moving average convergence/divergence (MACD) indicator has had five straight bullish sessions, indicating that the market momentum is bullish.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

The bulls will want to gather enough momentum to get past resistance at $285. […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by
Tags: ethether

Recent Posts

Late Hal Finney Predicted $10 Million Per BTC After Satoshi Release

Although some Bitcoin critics will spite anyone who believes that the cryptocurrency will be worth more than 1000× its current… Read More

4 hours ago

Bitcoin {BTC} adoption: chief as well as U.K. Central Bank leader are optimistic about virtual currencies

Bitcoin is placed right at the top of the market, with the BTC dominance rate currently at 68.7%. The trading… Read More

4 hours ago

Top Pro Athletes Like Messi Would Make a Killing in Bitcoin Earnings

According to Messari research, Lionel Messi's take-home pay would be "12,700 $BTC" annually. Cristiano Ronaldo's would be 10,000 bitcoins. |… Read More

4 hours ago

House Financial Services Committee Will Continue Libra Review

Representative Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, says the committee will continue to… Read More

4 hours ago

Circle CEO Says Tokenized Fiat Currencies Are on the Horizon

Jeremy Allaire, the CEO of blockchain-based, crypto-inclusive money transfer company Circle, said that the firm has long held that major… Read More

4 hours ago

Devcon uses Ethereum platform to issue 150 tickets

Devcon5, the Ethereum Foundation’s fifth annual conference which takes place October 8-11 in Osaka, Japan, is using the Ethereum platform… Read More

4 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More