On the intraday chart, Ethereum makes an intraday comeback and trades above $210 at $211 around the press time, making a stance above 38.20% Fib Retracement level after a gradual slide. However, ETH coin has been quite volatile over the past 4 days after it breached the initial uptrend. The 20-day Bollinger Bands laid to show that the coin can be hit by an unprecedented volatile blow in the upcoming day, which has also been experienced by the king of cryptocurrencies—Bitcoin over the past 24 hours.
The technicals draw a complex picture as the MACD appears bearish due to intraday volatile bias on the intraday chart, and the signal line crosses above the MACD line. At the same time, the RSI of Ethereum lies at 52.51, with no trading extremities exhibited.
