THELOGICALINDIAN - Ethereum amount maintained its bullish accent adjoin the US Dollar and Bitcoin ETHUSD now looks set for added assets may be appear 1200
Ethereum Price Upside Surge
There was no stopping the ETH buyers, as the ETH amount surged accomplished the $11.10 attrition breadth adjoin the US Dollar. The ETH/BTC brace was apparent trading higher, and confused aloft the 0.010BTC level. Yesterday, there was a accessory dip in ETH/USD, demography the amount appear the 23.6% Fib retracement akin of the aftermost beachcomber from the $7.95 low to $9.73 high. The declared fib akin acted as a abutment and helped the amount in affective college already again.
The amount surged college and bankrupt the beat akin at $9.80. The upside move was such that the amount climbed aloft the $11.00 handle. It additionally austere the $11.10 attrition area, and traded as aerial as $11.40. The ETH/USD brace is currently award offers abreast the $11.40 attrition area. So, it may dip a few points afore continuing higher. An antecedent abutment on the downside is about the 23.6% Fib retracement akin of the aftermost beachcomber from the $9.13 low to $11.40 high.
Moreover, there is additionally a new tiny abutting bullish trend band on the alternate blueprint (data augment via SimpleFX) of ETH/USD. As continued as the amount is aloft the $11.00 handle, one may accede affairs on dips.
Hourly MACD – The MACD continued drive in the bullish slope.
Hourly RSI – The RSI has accomplished the overbought levels, but still there is no assurance of a correction.
Major Support Level – $11.00
Major Resistance Level – $11.40
Charts address – SimpleFX
