Rajarshi Mitra
Independent Analyst
- ETH/USD broke above the SMA 20 this Monday.
- The Elliott Oscillator has had a green session following five straight red sessions.
ETH/USD daily chart
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ETH/USD bulls have remained in control for the second straight day as the price went up from $204.07 to $204.45. This Monday, the price jumped up from $199.65 and crossed above the SMA 20. The Elliott Oscillator has had a green session following five straight red sessions, while the MACD indicates sustained bearish momentum.
The bulls will now need to overcome resistance at $215 and $223.25. On the downside, healthy support lies at $199.30 and $187.75.
Key levels
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