THELOGICALINDIAN - Ethereum amount is ascent in a able abstruse anatomy adjoin the US Dollar and Bitcoin and now ETHUSD may anon breach the 191 attrition to analysis 200
Ethereum Price Support
Yesterday, we noticed how ETH amount started a recovery aloft the $130 akin adjoin the US Dollar. The upside move was decent, as the amount after confused aloft the $150 attrition as well. During the upside move, the amount alike surpassed the 61.8% Fib retracement akin of the aftermost abatement from the $203.45 aerial to $98.35 low. It now looks set for added assets aloft $185 back it is captivation the 100 alternate simple affective boilerplate well.
There is a abrupt bullish trend band on the downside with abutment at $181 formed on the alternate blueprint of ETH/USD. The trend band abutment additionally coincides with the 23.6% Fib retracement akin of the aftermost beachcomber from the $137.87 low to $190.17 high. So, if the amount moves down, it may acquisition support at $181-180. A breach beneath ability alarm for a added alteration appear the 50% Fib retracement akin of the aftermost beachcomber from the $137.87 low to $190.17 high.
On the upside, a breach aloft the $191 accumbent attrition is appropriate for added gains. If there is a acceleration above above $191, the abutting above hurdle is at $200 area buyers may be tested.
Hourly MACD – The MACD is placed able-bodied in the bullish zone, and assuming absolute signs.
Hourly RSI – The RSI is currently in the overbought levels with no assurance of a dip.
Major Support Level – $181.00
Major Resistance Level – $191.00
Charts address – SimpleFX
