THELOGICALINDIAN - Ethereum amount acquired added and is about to ability 1500 We charge to delay and see acknowledgment of ETHUSD if it tests the mentioned level
Ethereum Price Trend Line Support
Ethereum amount ETH biconcave a few credibility yesterday, but managed to acquisition bids and started to move college already again. I accent bygone that as continued as ETH/USD is aloft a bullish trend band formed on the alternate blueprint (data augment via Kraken), it may abide to move higher. I anticipate the amount may analysis the $15.00 akin afore it can alpha a above alteration or a downside move. The declared akin holds a lot importance, and the ETH beasts charge be accurate in the abbreviate term.
The amount is currently trading abreast the $14.49, and I anticipate it is about to access and analysis the $15.00 area. Let’s delay and see how it trades in the abreast term. On the downside, and antecedent abutment is about the 23.6% Fib retracement akin of the aftermost beachcomber from the $11.70 low to $14.49 high, which holds the key, as the accent bullish trend band is additionally positioned abreast it.
A breach of the accent bullish trend band abutment may alarm for a abbreviate appellation trend change.
Hourly MACD – The MACD is in the bullish zone, pointing appear added upsides.
Hourly RSI – The RSI is aloft the 50 level, signaling the actuality that ETH buyers are in ascendancy at the moment.
Intraday Support Level – $13.80
Intraday Resistance Level – $14.50
Charts address of Kraken via Trading View
Header Image via NewsBTC
