THELOGICALINDIAN - Ethereum amount is aback in the bullish area adjoin the US Dollar and Bitcoin and now ETHUSD ability barter appear the 250 level
Ethereum Price Support
The aftermost two canicule price action was auspicious and suggests added assets in ETH amount aloft $230 adjoin the US Dollar. The amount afresh acquired absorption and confused aloft the $208 and $215 attrition levels. A new account aerial was formed abreast $231.29 area sellers emerged. The amount is currently acclimation lower, but charcoal accurate aloft $220. It is currently testing the 23.6% Fib retracement akin of the aftermost beachcomber from the $188.83 low to $231.29 high.
There is a abutting bullish trend band with abutment at $221 basic on the alternate blueprint of ETH/USD. The trend band abutment is aloft the 38.2% Fib retracement akin of the aftermost beachcomber from the $188.83 low to $231.29 high. So, if the amount corrects lower, it is acceptable to acquisition bids abreast $220. Below $220, the antecedent attrition at $208 could be tested, which is a major support now.
The all-embracing affairs affect is abiding as continued as the amount is aloft $208. The contempo BTC adamantine angle did not accept any aloft appulse on the market. So, it seems like the amount may balance in the abreast appellation aloft the $230 level. Affairs dips in the abbreviate appellation appear $220-210 may be considered.
Hourly MACD – The MACD is now placed able-bodied in the bullish zone.
Hourly RSI – The RSI is now able-bodied aloft the 50 akin and pointing bullish signs.
Major Support Level – $220
Major Resistance Level – $230
Charts address – SimpleFX
