THELOGICALINDIAN - Ethereum amount is putting the best appearance adjoin the US Dollar and Bitcoin and ETHUSD may now anon arch college aloft 150 appear 160 or alike 175
Ethereum Price Bullish Trend
Yesterday, I mentioned that if ETH buyers abide in action, it can anon move aloft $130 to analysis $135-138 adjoin the US Dollar. It did move higher, and not alone bankrupt $138, but additionally managed to billow aloft $145. The accepted trend is cool bullish and pointing added assets aloft $150. The amount may anon breach and achieve aloft $150 for a abiding upside move appear $160.
At the moment, the amount is trading aloof beneath $150, and may anon breach it. There is a solid ascendance approach arrangement with abutment at $143 formed on the alternate blueprint of ETH/USD. If the brace dips a few credibility from the accepted levels, it may acquisition abutment abreast $144-145. The 23.6% Fib retracement akin of the last wave from the $120.99 low to $149.18 aerial is at $142.52. So, the approach abutment at $143 may comedy a above role.
There is a aerial achievability of a acknowledgment abreast $150. So, we may see a dip of about $8-10 activity forward. However, the beyond trend charcoal bullish with affairs of awful spikes appear $160 or alike $175. Below $142, the $135 abutment may appear into the picture.
Hourly MACD – The MACD is placed with a lot of drive in the bullish zone.
Hourly RSI – The RSI is amphibian in the overbought levels.
Major Support Level – $142.00
Major Resistance Level – $150.00
Charts address – SimpleFX
