Rajarshi Mitra
Independent Analyst
- ETH/USD went up by 6.67% this Monday following bullish price action.
- The Elliott Oscillator has had a green session following 11 straight red sessions.
- William’s %R is on the verge of entering the overbought zone.
ETH/USD daily chart
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ETH/USD went up from $227.80 to $243 this Monday, as the bulls aim to conquer the $245 psychological level. The Elliott Oscillator has had a green session following 11 straight red sessions. After experiencing a significant jump following Monday's bullish price action, William’s %R is on the verge of entering the overbought zone.
Support and Resistance
ETH/USD faces strong resistance at $248.50. On the downside, healthy support levels lie at SMA 20, $237.50, $231.45 and SMA 50.
Key levels
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