THELOGICALINDIAN - Ethereum amount acquired abundant bids during the accomplished few hours adjoin the US Dollar and Bitcoin and ETHUSD bankrupt an important akin at 100
Ethereum Price Upside Surge
Yesterday, we discussed that ETH amount can dip appear $87-85 before it makes an upside move adjoin the US Dollar. The amount fabricated a accessory correction, and after acquired clip for a move aloft $90. The amount bankrupt abounding important attrition levels on the way up like $90 and $95. The best cogent move was aloft $100. It looks like buyers are admiring the affair and adequate ride aloft $100.
There was alike a breach aloft a aloft addendum akin at $105. This has opened the doors for added assets in the abreast term. The abutting akin could be $110. Before the upside, there was a breach of a nice bullish arrangement with attrition at $102 on the alternate blueprint of ETH/USD. Such patterns are bright signal, and the amount did accretion clip aloft $100.
As of writing, the amount traded as aerial as $107.13, and may actual a brace of credibility lower. On the downside, the arrangement attrition at $102 may now act as a support. The 23.6% Fib retracement akin of the aftermost beachcomber from the $91.71 low to $107.13 aerial is additionally about the aforementioned level. So, affairs dips abreast $102-100 can be advised in the abbreviate appellation for $110.
Hourly MACD – The MACD is accepting clip in the bullish zone.
Hourly RSI – The RSI is now in the overbought levels.
Major Support Level – $102.00
Major Resistance Level – $110.00
Charts address – SimpleFX
