Ethereum [ETH/USD] Technical analysis: Bull finally takes the lead

Ethereum [ETH], the third largest cryptocurrency by market capitalization, continues to bleed red on the market. However, the cryptocurrency is sprinkled green in a timely manner, showing signs of returning home.

According to CoinMarketCap, at the time of the press, Ethereum was trading at $ 91.32, with a market capitalization of $ 9.47 billion. The currency shows a trading volume of $ 1.65 billion and has plunged by 17.33% over the last seven days.

1 hour

Ethereum [ETH] price chart of a & # 39; hour | Source: trading view

In the chart of an hour, the coin shows a downtrend from $ 107.41 to $ 96.89, and further down to settle at $ 90.39. It also records an uptrend from $ 82.85 to $ 85.53. The currency has immediate resistance at $ 93.71 and strong resistance at $ 102.91. Immediate support is set at $ 88.14 and strong support is $ 82.83.

Parabolic SAR he's showing a bullish wave as the points are lined up under the candles.

Bollinger bands they are expecting a less volatile money market when the gangs have started to meet.

Chaikin cash flow it is showing a bearish wave while the money is coming out of the market, but they are showing signs of recovery.

1 day

Ethereum [ETH] price chart of a day | Source: trading view

In the one-day chart, Ethereum has a downward trend of $ 499.01 to $ 208.77. He also paints another steep fall from $ 203.20 to $ 92.80. The immediate resistance for the currency is $ 122.26 and the strong resistance is $ 218.94.

Klinger Oscillator shows that the reading line has done a bullish crossover.

MACD it also predicts an uptrend as the moving average line has only made a crossover to take the upward direction.

RSI is imagining the currency sold on the market, forecasting an uptrend.

Conclusion

MACD and Klinger Oscillator of a day chart, together with Parabolic SAR of the chart of an hour, provide a bull run. Whereas, RSI from the one-day chart and CMF from the chart of an hour, are expecting a bearish wave.