Ethereum [ETH/USD] Technical analysis: the bulls besiege the territory of the bears by forcing them into hibernation


Ethereum has seen a peak since the beginning of November and the candles are already strangely close to the resistance.

1 hour

Source: trading view

The upward and downward trends seem to run at each other in the chart of an hour. The downtrend is seen from $ 214.06 to $ 207.81, with an upward trend going from $ 201.01 to $ 207. Support is set at $ 195.99 and resistance at $ 213.99.

The RSI it represents an oversold market that ends because it is at the center of the RSI band, indicating a balance in the pressure of purchase and sale.

The RVGI the line is crossing the signal line, indicating a bullish crossover.

1 day

Source: trading view

The downtrend is visible from $ 456.47 to $ 199.75, with support seen at $ 182.79. Resistance is seen at $ 247.76, with a subsequent resistance established at $ 317.55.

The Parabolic SAR the signs are developing under the candles, indicating a bullish pressure.

The MACD the line is crossing the signal line, indicating a bullish crossover.

The Awesome Oscillator is seen by pointing to red spikes below the zero line, indicating that the momentum of purchase is decreasing in the market.


In the arc of an hour, RSI shows a rather neutral position, while RVGI indicates a bullish market. In the space of one day, the indicators all point to an upward trend, except for the AO indicator.

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Akash is your usual Mechie with an unusual interest in encryption and day trading, ergo, a full-time AMBCrypto journalist. He holds XRP because of peer pressure, but otherwise he found a day of trading with that little capital he owns.

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