ETH/USD technical analysis March 25

25.03.2019 16:43:13

Ethereum can’t decide whether he wants to play with the bulls or stay with the bears. At the moment, the price of Ethereum is $137, and the market capitalization is $14.46 billion.

1-hour chart

ethusd-25-march-hour.jpg

The hourly chart shows us two downtrends and one uptrend, which forms a triangle with the last downtrend. Now the nearest resistance level is at $137.51, the level $140 follows after it. The closest support level can be seen in the $134.67 area, while stronger support is located at around $132.

Parabolic SAR began to form points above the candles, which tells us about the continuation of the downward trend.

The RSI continues to be drawn in the neutral zone, showing the equal pressure of buyers and sellers.

On the daily chart, the MACD indicator tends towards the bears, as the moving average line has shifted below the signal line. At the same time, the amount of capital entering the market still exceeds the outflow of capital according to the Chaikin indicator.

Key indicators, such as CMF from the daily chart and Parabolic SAR from the one-hour chart, predicted a bull market for the coin.