THELOGICALINDIAN - Ethereum amount traded appear 650 It looks like buyers are in ascendancy and if there is a acknowledged abutting aloft the 650 akin again 70 is possible
Ethereum Price – Continuous Upside
Ethereum amount bootless to move down, and fabricated a nice bullish move higher. The amount confused aloft the $6.0 akin and traded abutting to the $6.50 levels. The aftermost brace of alternate candles looks absorbing and it looks like there are affairs of it accepting absorption added affective ahead. Yesterday, I accent a bullish trend band on the alternate blueprint (data augment via Kraken), and was attractive for a sell trade if the amount moves and closes beneath it.
However, there was no abutting beneath the accent trend band and abutment area, but in actuality the aforementioned acted as a barrier for sellers. If the accepted trend continues, again there is a adventitious of Ethereum amount branch added higher. On the downside, an antecedent abutment can be about the 23.6% Fib retracement akin of the aftermost beachcomber from the $4.00 low to $6.49 high.
The best important abutment is abreast the trend band area. Only an alternate abutting beneath it may booty the amount added bottomward in the abreast term. On the upside, the abutting stop for buyers could be about $6.80.
Hourly MACD – The MACD is in the bullish zone, and signaling added assets for Ethereum price.
Hourly RSI – The RSI is about the acute overbought levels, calling for a accessory correction.
Intraday Support Level – $6.30
Intraday Resistance Level – $6.80
Charts address of Kraken via Trading View
