THELOGICALINDIAN - Ethereum amount maintained its bullish accent adjoin the US Dollar to barter aloft 1500 More assets appear 1600 are acceptable in ETHUSD
Ethereum Price Continuing Gains
It was no abruptness that there were added gains in ETH amount adjoin the US Dollar, as it confused accomplished $15.20. The amount acquired a lot of pace, and surged appear $15.80. There is no assurance of a pullback yet in ETH/USD, which agency the brace may alike claiming the $16.00 handle soon. There was a accessory alteration yesterday, which after completed, and the amount confused aloft $14.40.
The ETH sellers attempted a move appear the 23.6% Fib retracement akin of the aftermost beachcomber from the $12.53 low to $14.53 high. However, there was no complete test, and the amount traded aloft the aftermost beat aerial of $14.53. A new aerial of $15.80 was formed. At the moment, there are abounding supports on the downside. First, the 23.6% Fib retracement akin of the aftermost beachcomber from the $14.20 low to $15.80 at $15.42. Second, there is a new abutting bullish trend line at $15.20 on the alternate blueprint of ETH/USD (data augment via SimpleFX).
Both these are acceptable to act as a acceptable buy zone. So, if the amount corrects lower, the $15.20 akin ability act as a support. On the upside, the abutting stop for the beasts could be abreast $16.00.
Hourly MACD – The MACD is extending its moves in the bullish zone.
Hourly RSI – The RSI is able-bodied in the overbought levels with no assurance of a downside move.
Major Support Level – $15.20
Major Resistance Level – $16.00
Charts address – SimpleFX
