|$ETH Price Change|
Ether has climbed only since midnight PDT on February 08 which coincided with the onset of Asian trading. The previous weekly trend was largely sideways with a dip when $BTC sank to $3380 on February 05 2019.
[Trend is “up” when the weekly price movement is predominantly upwards.]
Real Time Market Depth
[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]
Moving Average Convergence Divergence (MACD)
The MACD on the four hour chart is strongly bullish. The price is easing from an intraday high of $123.00, and the last eight 4 hour sessions are bullish.
Exponential Moving Averages (EMA)
Ether began the day with the short term EMA(7) well below both the medium(25) and long(99) term EMA. Since then it has quickly ascended above both, on strong volume. The angle of divergence is currently up – and strongly bullish.
Relative Strength Index (RSI)
The Relative Strength Index on the chart is 76.2. This is an overbought state.
An overbought state is not an optimum entry point.
Bitcoin $BTC Price Modifier
The 24 hour Bitcoin $BTC change is 7.43%. This may exert a bullish influence on Ethereum today.
Ethereum $ETH Price Outlook
- the Ethereum $ETH price outlook is neutral to bullish
- if the price finds acceptance at higher levels the major resistance prints at $123
- if the price finds acceptance at lower levels the major support prints at $101.21
Read the legal disclaimer.
The author does not hold Ethereum $ETH at the time of writing.
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