THELOGICALINDIAN - Ethereum amount is unstoppable at the moment adjoin the US Dollar and it looks like the ETHUSD may move anon bifold itself
Ethereum Price Up By More Than 50%
There were added upsides in ETH price, as it marched aloft the $19.00 handle vs the US Dollar. This anniversary ETH amount is up by added than 50%, and it looks like the upside move is far from over. The abutting stop for the amount seems like about the $20 level. If the accepted trend charcoal intact, it can be an accessible ride for the bulls. A breach aloft $20 is aloof a few credibility away. There is alike a adventitious that the amount may beat the aftermost high, and actualize a new best aerial aloft $21.50.
So, already there is a breach aloft $20, the abutting stop would be the best aerial about $21.30. And, aloof like Bitcoin price, there is a adventitious that ETH amount ability additionally set a new high. At the moment, there is a solid ascendance bullish channel formed with abutment at $19.10 on the alternate blueprint of ETH/USD (data augment via SimpleFX). It may abide to act as a catalyst, and advance the amount aloft $20.
Overall, the trend is SUPER bullish, and we may abide to see assets in ETH/USD. In no time, the amount could breach $20 for a move appear $21.30.
Hourly MACD – The MACD is acutely bullish, suggesting added upsides.
Hourly RSI – The RSI is about the overbought levels, but continuing the upside move.
Major Support Level – $19.00
Major Resistance Level – $20.00
Charts address – SimpleFX
