THELOGICALINDIAN - Ethereum amount is trading aloft a brace of bullish trend curve on the alternate blueprint So ETHUSD may abide to boring move higher
Ethereum Price Slow Trend
There were positive beat moves acclaimed in ETH amount adjoin the US Dollar during the accomplished two sessions, as it remained aloft a few key abutment levels. The best important point was that it captivated yesterday’s accent abutting bullish trend band on the alternate blueprint (data augment via SimpleFX) of ETH/USD. There was a accessory dip appear the $10.00 abutment breadth area the trend band came in and acted as a support.
During the dip, the amount bankrupt the 38.2% Fib retracement akin of the aftermost beachcomber from the $9.40 low to $10.66 high. However, as mentioned the trend band provided support. Furthermore, the 50% Fib retracement akin of the aftermost beachcomber from the $9.40 low to $10.66 aerial also acted as a support. The amount is now affective aback college and currently positioned aloft the $10.30 level.
On the downside, there is addition bullish trend band formed on the aforementioned chart. It is accouterment abutment at the moment abreast $10.35, and absolute a downside move. As continued as the amount is aloft $10.10, it looks like in a apathetic and abiding uptrend.
Hourly MACD – The MACD is in the bullish zone, but there is hardly any momentum.
Hourly RSI – The RSI is currently aloft the 50 akin with no absolute upside move.
Major Support Level – $10.10
Major Resistance Level – $10.65
Charts address – SimpleFX
