THELOGICALINDIAN - Ethereum amount is accepting drive adjoin the US Dollar and Bitcoin ETHUSD is now able-bodied aloft 368 and is eyeing added upsides
Ethereum Price Support
There were continuing gains in ETH amount aloft the $350 akin adjoin the US Dollar. The amount was able to move aloft a aloft attrition at $368-370, which has opened the doors for added gains. Buyers were able to advance the amount aloft the $380 akin and a new aerial was formed abreast $382.68. Later, a accessory alteration was accomplished from $382.68, but the amount charcoal able-bodied accurate on the downside.
It afresh activated the 38.2% Fib retracement akin of the aftermost beachcomber from the $359.10 low to $382.68 high. However, there are abounding supports on the downside such as $368 and $365. More importantly, yesterday’s accent above bullish trend band with accepted abutment at $368 is complete on the alternate blueprint of ETH/USD. The aforementioned trend band abutment is abreast the 50% Fib retracement akin of the aftermost beachcomber from the $359.10 low to $382.68 high. Moreover, the 100 alternate simple affective boilerplate and the $350 support are important buy zones.
Therefore, the amount is acceptable to abide able-bodied bid aloft the $368 abutment in the abreast term. On the upside, the contempo aerial abreast $382.68 ability be retested soon. A breach aloft $382 would alarm for added upsides may be appear the $390 and $400 levels.
Hourly MACD – The MACD placed able-bodied in the bullish zone.
Hourly RSI – The RSI is currently affective lower but charcoal able-bodied aloft the 50 level.
Major Support Level – $368
Major Resistance Level – $382
Charts address – SimpleFX
