Ethereum Price Analysis: ETH/USD trends near the upper curve of the 20-day Bollinger band
![STEEM POSTS](https://steemitimages.com/640x0/og:image" content="https://editorial.fxstreet.com/images/Markets/Currencies/Digital Currencies/Ethereum/Ethereum_1_Large.jpg")
ETH/USD went up from $237.65 to $242.16 as Wednesday's session came to a close. The price is trending near the upper curve of the 20-day Bollinger band, as the MACD shows increasing bullish momentum. William's %R is hovering inside the overbought zone, hinting at upcoming bearish correction.
Support and Resistance
ETH/USD faces strong resistance at $248.35. On the downside, the price has healthy support at $232.60, $223.25, SMA 20 and SMA 50.
