The one-hour chart of Ethereum reports an uptrend from $136.82 to $143.55, however, the chart also indicates a downfall in the value of the coin from $156.04 to $128.34 after which it registered the aforementioned uptrend. The coin then fell from $143.22 to $239.38. The market has marked a resistance for the coin at $143.22 and has offered strong support at $132.21.
Awesome Oscillator indicates a bullish market gaining momentum.
Chaikin Money Flow marker is barely above zero and might fall under zero soon. However, the money is flowing outside the market and marks a bearish trend.
Relative Strength Index showcases that the buying and selling pressures are evening each other out, as the marker line recovers from an overbought bearish zone.
As per the one-hour chart of the coin, a downtrend was observed from $432.36 to $218.66 which further continues till $139.02. A minimal uptrend was observed from $83.74 to $114.53. The coin registered a resistance at $139.02 while reporting support at $114.53.
Bollinger Bands are indicating a bullish run for the coin as the moving average line is under the candlesticks. The bands appear to be at a diverging point, thus increasing the volatility in the market.
Parabolic SAR points towards a bearish market as the markers align themselves above the candles.
MACD line is above the signal line, marking a bullish market, but is moving towards a crossover.
At the time of press, the bull seems to be taking back its territory. The indicators Awesome Oscillator, Chaikin Money Flow, Bollinger Bands, and, MACD line predict a bullish market. However, indicator Parabolic SAR points towards a lurking bear.