THELOGICALINDIAN - Ethereum amount is accepting drive adjoin the US Dollar and Bitcoin and now ETHUSD may anon breach college and set a new aerial towardsabove 200
Ethereum Price Trend Line Support
Yesterday, there was a decline appear $180 akin in ETH amount adjoin the US Dollar. The amount confused beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $150.74 low to $191.70 high. However, the downside move can be advised as a correction, as the amount recovered from $182. There was a appropriate affairs absorption about the $180 abutment zone, which pushed the amount aback higher.
Earlier, there was a analysis of the 38.2% Fib retracement akin of the aftermost beachcomber from the $150.74 low to $191.70 high. So, we can say that the amount completed a correction near $182, and about to breach higher. On the downside, there is a solid bullish trend band with abutment at $182 formed on the alternate blueprint of ETH/USD. It may abide to act as a abutment and anticipate downsides beneath $180.
On the upside, a breach aloft $191.00-191.50 is bare for added gains. The accepted candle is actual bullish, and suggesting a breach aloft $191.70 soon. A abutting may advance the amount appear $198-200, which is the abutting resistance. The all-embracing trend is bullish and as continued as the trend band and $180 are intact, the amount may anon breach college aloft $192.
Hourly MACD – The MACD is placed able-bodied in the bullish zone.
Hourly RSI – The RSI is now affective higher, and charcoal able-bodied aloft the 50 level.
Major Support Level – $180.00
Major Resistance Level – $192.00
Charts address – SimpleFX
