RATE Group | ETH/USD settling around the $145 level
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ETH/USD settling around the $145 level

08 Jan ETH/USD settling around the $145 level

Posted at 06:26h in Ethereum News by

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  • ETH/USD is hugging the upper curve of the 20-day Bollinger Band.
  • The three latest sessions in the daily chart are hovering above the SMA 50 curve.

ETH/USD daily chart

ETH/USD daily chart

ETH/USD went up from $143.15 to $144.55 this Wednesday, as the price looks to settle around the $145-mark. The bulls and bears seem to cancel each other out, so a return above the $150-mark seems highly unlikely as of now. The price is hugging the upper curve of the 20-day Bollinger band, which has widened, indicating increasing price volatility. The Elliott Oscillator has had 12 straight green sessions of increasing intensity, while the Relative Strength Index has flat-lined around 60.75.
 

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