THELOGICALINDIAN - Ethereum amount bullish drive connected adjoin the US Dollar as ETHUSD now looks set for a move appear the 25 handle
Ethereum Price Trend
The upside momentum for ETH amount continued as it was aloft to move aloft $22.80 and $23.10 adjoin the US Dollar. All the highs were broken, as it formed a new aerial about every affair for the accomplished two days. In this way, there is a adventitious that the amount may barter appear $25 in the abreast term. The amount austere all hurdles on the way up, and managed to achieve aloft $22. If the accepted drive stays intact, there can be added gains.
On the upside, the amount is currently trading abreast $23.70, and attractive to extend gains. A advance appear $24 is actual acceptable area there can be a reaction. If the amount corrects lower, there can be abounding supports. First, there are two bullish trend curve formed on the alternate blueprint (ETH/USD, abstracts augment via SimpleFX) with abutment abreast $22.80. Moreover, the 23.6% Fib retracement akin of the aftermost beachcomber from the $16.83 low to $23.70 aerial ability additionally act as a abutment abreast $22.10.
However, whenever a alteration initiates, there could be a move appear the 50% Fib retracement akin of the aftermost beachcomber from the $16.83 low to $23.70 aerial at $20.20. All in all, the trend is absolute with $25 in sight.
Hourly MACD – The MACD is acutely in the bullish zone.
Hourly RSI – The RSI is in the overbought levels, attractive to extend gains.
Major Support Level – $22.80
Major Resistance Level – $24.00
Charts address – SimpleFX
