ETH/USD pair is following a bullish structure with little downside correction to $123 price level recently.
Looking at the ethereum trends on Hourly (4H) chart timeframe, we can observe it has been moving in an upward channel and testing the range low of the channel. Also, Ethereum price analysis today shows that pair has been trending above 200H-Moving Average and providing preliminary support.
Stoch-RSI and MACD indicators are curving into bearish sentiments
Looking at the ethereum technical analysis today, one can observe it has been trading below 10H & 20H EMAs which is slightly bearish. If the 200H-MA doesn't hold up then we might retrace to $120-$118 price level soon.
Overall, There is no upcoming ethereum news or catalyst to make the price surge in the coming days and with Ethereum price analysis 2019 we can observe that it needs to surpass hurdles to become strongly bullish.
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2019-02-07 07:37:40.019648 | 2 min