THELOGICALINDIAN - Ethereum amount rocketed college aloft 65 and 70 akin adjoin the US Dollar and assets in both ETHUSD and ETHBTC to abide in the abreast term
Ethereum Price Gains 20%
Yesterday, we saw how there was a major break in ETH amount aloft $55 adjoin the US Dollar. Later, the amount adapted a few points, and again formed a abject for addition move aloft $58. The amount traded college acutely and was up by added than 20%. It bankrupt abounding resistances on the way up like the $65 and $70 levels. The best important move was appear $70. The amount traded as aerial as $70.48 recently, and currently acclimation lower.
It is branch appear the 23.6% Fib retracement akin of the aftermost beachcomber from the $60.60 low to $70.48 high. There is a aloft abutting bullish trend line with abutment at $68.00 formed on the alternate blueprint of ETH/USD. It is cat-and-mouse to act as a abutment abreast $68 if the amount moves bottomward further. Any aloft dips from the accepted levels abide accurate aloft $65. The ETH beasts are in allegation and they may attack added assets aloft $70.
On the downside, the 50% Fib retracement akin of the aftermost beachcomber from the $60.60 low to $70.48 aerial is additionally a above abutment at $65.55. Buying dips abide abstraction in the accepted situation.
Hourly MACD – The MACD is affective accurately in the bullish zone.
Hourly RSI – The RSI is branch added college in the overbought levels.
Major Support Level – $68.00
Major Resistance Level – $70.50
Charts address – SimpleFX
