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The cryptocurrency market has reached a new normal in terms of price movement and subsequent growth. Ethereum [ETH] he recently passed XRP to take the second position and has since continued to do so. After recording a tremendous growth over the last few days, the currency declined by 0.15% in the last hour at the time of printing.
According to CoinMarketCap, Ethereum was valued at $ 159.61, with a market capitalization of $ 16.6 billion. The currency recorded a 24-hour trading volume of $ 3.4 billion with a 3.74% growth in the last 24 hours. The currency recorded an overall growth of 16.01% compared to last week.
1 hour
Source: trading view
According to the one-hour chart of the currency, an uptrend was recorded from $ 143.70 to $ 155.21, which further expanded to $ 159.44. The currency does not seem to report a significant downward trend. The currency stood at $ 159.44, while strong support was $ 153.24, followed by $ 147.02 support.
Awesome Oscillator marks a bearish market, however, the momentum seems to be lower.
MACD the line is above the signal line pointing towards a bullish run in the market.
Relative strength index indicates that buying and selling pressures give each other night.
1 day
Source: trading view
As with the one-day currency chart, a downward trend was seen to start from $ 408.96 to $ 155.36. The currency did not register a significant uptrend and had a resistance of $ 155.53. Graphic market support reached $ 82.92.
Bollinger bands seems to be convergent, increasing market volatility. The moving average line is under the candles, indicating a bearish market.
Parabolic SAR, on the other hand, it marks a bull market while the indicators line up under the candlesticks.
Chaikin cash flow indicates a bullish run, as the scorer rises above zero.
Conclusion
The Parabolic SAR, Chaikin Money Flow and MACD indicators provide for a bullish market. However, the bear's attack is predicted by Bollinger Bands and Awesome Oscillator.
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