THELOGICALINDIAN - Ethereum amount is aback in the bullish area adjoin the US Dollar and Bitcoin ETHUSD ability accretion added in the abreast appellation appear the 800 level
Ethereum Price Support
It seems like another abutment base was formed at $615 in ETH amount adjoin the US Dollar. The amount has confused aloft the $650 akin and the 100 alternate simple affective average. The best allotment is a abutting aloft the 50% Fib retracement akin of the aftermost abatement from the $838 aerial to $475 low. The accepted amount activity is absolute aloft the $700 akin and it looks like the amount ability abide to arch higher.
On the downside, there is a aloft bullish trend band basic with abutment at $710 on the alternate blueprint of ETH/USD. The trend band is additionally about the 100 alternate SMA at $690, which is a key abutment area. At the moment, the amount is disturbing to move aloft the 76.4% Fib retracement akin of the last decline from the $838 aerial to $475 low. Once there is a abutting aloft the $752 level, there can be added assets aloft the $780 level. The abutting aloft attrition is about the $800 level. The aftermost one is about the $830 beat high.
On the downside, the $700 akin is a appropriate support. However, the $680 akin and the 100 alternate SMA is a acceptable buy zone.
Hourly MACD – The MACD is now aback in the bullish zone.
Hourly RSI – The RSI is affective college and is branch appear the 65 level.
Major Support Level – $680
Major Resistance Level – $752
Charts address – SimpleFX
