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ETH/USD Short-term Trend: Bullish

The coin is in a bullish trend zone market in its short-term outlook. $184.70 in the resistance area is the high attain during yesterday’s session.

The 4-hourly session today opens with a bullish doji candle at $107.81 in the resistance area signals an indication of a trend reversal in the nearby days.
Price is initially up at $172.71 in the resistance area with its wick touching the EMA-50 this implies the momentum in price is in an uptrend in the context of the strength.

The stochastic signal pointing up at around level 20% in the oversold region suggests the momentum in price may likely continue to go up in the future in the short-term outlook.

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