THELOGICALINDIAN - Ethereum amount is eyeing added assets adjoin the US Dollar and Bitcoin ETHUSD charcoal buy on dips abreast the 322 and 320 levels
Ethereum Price Trend
There was a appropriate start of an uptrend in ETH amount as it managed to breach the $320 akin adjoin the US Dollar. The upside move acquired absorption and the amount was able to breach the $326 attrition as well. A new account aerial was formed abreast $335.42 from area a accessory alteration is initiated. The amount is currently trading abreast the 23.6% Fib retracement akin of the aftermost beachcomber from the $306.73 low to $335.42 high.
However, there are abounding supports on the downside abreast $320. An antecedent abutment is about the 38.2% Fib retracement akin of the aftermost beachcomber from the $306.73 low to $335.42 aerial at $324.46. Below this last, there is a aloft bullish trend band basic with abutment at $322 on the alternate blueprint of ETH/USD. The trend band abutment is abreast the 50% Fib retracement akin of the aftermost beachcomber from the $306.73 low to $335.42 high. As continued as the amount is aloft $320, it remains in an uptrend.
There are affairs of ETH retesting the $335 level. If buyers abide in control, it could alike breach the $340 akin in the abreast term. On the downside, the $322 and $320 levels are appropriate supports and buy zones.
Hourly MACD – The MACD is placed able-bodied in the bullish slope.
Hourly RSI – The RSI is currently able-bodied aloft the 50 level.
Major Support Level – $320
Major Resistance Level – $335
Charts address – SimpleFX
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