Categories: Ethereum

Ethereum price analysis: Bulls attempt to correct the price even though sentiment remains bearish

Click here to view original web page at
  • ETH/USD fell from $275.15 to $273.80 in the early hours of Saturday.
  • This Friday, the bulls pulled the price back inside the Bollinger band.

ETH/USD has had a bearish start to the day as the price went down from $275.15 to $273.80 in the early hours of Saturday. Friday was a bullish day, wherein the price went up from $268.85 to $275.45. Intraday resistance lies at $277.45, where the bulls lost steam and then fell to $271.65, from which the price found support and then bounced back up.

ETH/USD daily chart

Before Friday, ETH/USD faced three straight bearish sessions, wherein the price fell below the lower curve of the 20-day Bollinger band, showing that the price was undervalued. The bulls since stepped in and brought the price back inside the Bollinger band. The widening of the Bollinger jaw indicates increasing market volatility.

The price has found support on the upward trending line, while the 50-day simple moving average (SMA 50) curve acts as immediate resistance. The price is below the SMA 20, while it is trending above the SMA 200 curve. The moving average convergence/divergence (MACD) indicator shows increasing bearish momentum. The Elliot oscillator shows four straight bearish sessions.

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.

Cryptos feed

This Friday, the bulls pulled the price back inside the Bollinger band.

ETH/USD has had […]


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