THELOGICALINDIAN - Ethereum amount is all bullish and may accretion added However there is a bullish trend band abutment basic which ability comedy a acute role
Ethereum Price – Trend Line Support
Ethereum amount surged college to barter as aerial as $9.94, and was aloof a few credibility shy of testing the best important akin – $10. Sellers appeared and paused the upside move. The amount is currently accumulation gains, and there is a bullish trend band formed on the alternate blueprint (data augment via Kraken).
The accent trend band abutment may comedy a aloft role for both the bulls and sellers. As continued as the amount is aloft the trend band abutment area, there is a adventitious of added moves. On the added hand, if sellers administer to breach it, again a alteration ability happen. The amount is currently trading abreast the 23.6% Fib retracement akin of the aftermost beachcomber from the $6.28 low to $9.94 high. An alternate abutting beneath it may access the bearish burden affective ahead.
After the trend band break, the best important abutment may be about the 100 simple affective boilerplate (hourly, abstracts augment via Kraken) back it is ancillary with the 61.8% Fib retracement akin of the aftermost beachcomber from the $6.28 low to $9.94 high. On the upside, a breach aloft the contempo aerial of $9.94 may alarm for a analysis of $10.
Hourly MACD – The MACD is in the bearish slope, and assuming no signs of strength.
Hourly RSI – The RSI is aloof beneath the 50 level, which is a admonishing to the bulls.
Intraday Support Level – $9.00
Intraday Resistance Level – $10.0
Charts address of Kraken via Trading View
