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Ethereum [ETH], the third largest cryptocurrency by market capitalization, is in tumult whether to choose the bull or the bear. The currency has been in this state in recent weeks, with no signs of tranquility.
According to CoinMarketCap, at the time of the press, Ethereum was trading at $ 108.41 with a market capitalization of $ 11.23 billion. The currency has a trading volume of $ 1.85 billion and has seen a fall of over 4% over the last seven days
1 hour
Chart of the price of an hour of Ethereum | Source: trading view
In the chart at one hour, the currency has a downtrend from $ 123.25 to $ 118.49. It also records further falls, with $ 110.79 to $ 108.90 being the last. The chart shows an uptrend from $ 102.01 to $ 106.05. The currency has immediate resistance at $ 110.92 and a strong resistance at $ 120.86. Immediate support is set at $ 105.91 and strong support is set at $ 101.95.
Parabolic SAR it is depicting a bearish market as the points are aligned on the top of the chandeliers.
Bollinger bands they are proving that the bands have started to move away from each other, expecting a volatile money market.
Chaikin cash flow he is demonstrating money flowing in the money market because the line is above the zero threshold, showing his support for the bull.
1 day
Chart of daily prices of Ethereum | Source: trading view
In the one-day chart, the currency has a downward trend from $ 499.01 to $ 218.66. It also imagines another downtrend from $ 203.20 to $ 114.76. The currency has immediate resistance at $ 122.23 and strong resistance at $ 317.88.
RSI shows that the selling pressure is more than buying pressure, pushing the coin to the bear side of the market.
MACD it is currently bullish on the currency, as the moving average line has made a crossover just to take the upside direction.
Klinger Oscillator it is also on the side of the bull while the reading line and the signal line have done a crossover, with the reading line uphill.
Conclusion
Currently the bull is supported by MACD and Klinger Oscillator from the one-day chart and CMF from the chart of an hour. Whereas the bear has obtained support from RSI from the one-day chart and the parabolic SAR from the graph of an hour.
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