THELOGICALINDIAN - Ethereum amount is accepting drive adjoin the US Dollar and Bitcoin and now ETHUSD may jump aloft 232 for added assets appear 250
Ethereum Price Support
There was a decent support accumulation in ETH amount about the $210 akin adjoin the US Dollar. The amount managed to authority losses and circumscribed aloft $210. It traded college and crawled aloft the 50% Fib retracement akin of the aftermost abatement from the $255.80 aerial to $185.50 low. So, there are affairs of added assets aloft $235 in the abreast term. However, the amount needs to breach the 61.8% Fib retracement akin of the aftermost abatement from the $255.80 aerial to $185.50 low for a advance appear $250.
On the downside, there is a new abutting bullish trend band with abutment at $210 basic on the alternate blueprint of ETH/USD. The amount afresh traded as aerial as $235.96 and currently trading in a range. On the downside, the best important abutment is abreast $210. It additionally coincides with the 50% Fib retracement akin of the aftermost beachcomber from the $185.50 low to $235.96 high. Moreover, the 100 alternate simple affective boilerplate is additionally abreast $210, which is a great sign.
So, as continued as the amount is aloft $210, it may barter higher. On the upside, a breach aloft a bearish trend band at $232 is bare for a move appear $250 or $260.
Hourly MACD – The MACD is affective accurately in the bullish zone.
Hourly RSI – The RSI is currently aloft the 50 level.
Major Support Level – $210
Major Resistance Level – $235
Charts address – SimpleFX
