THELOGICALINDIAN - Ethereum amount continued this accomplished weeks assets adjoin the US Dollar and now it looks like ETHUSD is analysis a move appear 1500
Ethereum Price Trend Line Support
This accomplished anniversary there was an uptrend initiated with a breach aloft $11.40 in ETH amount adjoin the US Dollar. Later, the amount continued assets and fabricated a move aloft $13.00. The trend was such that the amount additionally able to bright the $14.00 handle, and afresh traded as aerial as $14.53. The trend is acutely in the favor of the buyers and any above corrections from the accepted levels ability be bought abreast $14.00 or $13.80.
On the downside, an antecedent abutment is at $14.06. The declared akin additionally represents the 23.6% Fib retracement akin of the aftermost beachcomber from the $12.53 low to $14.53 high. Below $14.00, there is a new abutting bullish trend band formed with abutment at $13.80 on the alternate blueprint of ETH/USD (data augment via SimpleFX). The trend band abutment additionally coincides with the 38.2% Fib retracement akin of the aftermost beachcomber from the $12.53 low to $14.53 high. So, we can say there are two important support levels on the downside – $14.00 and $13.80.
If the brace corrects lower, again these two levels ability act as a able support. On the upside, a breach aloft $14.53 could burn a beachcomber appear the abutting above hurdle at $15.00.
Hourly MACD – The MACD acerb placed in the bullish area with no assurance of a correction.
Hourly RSI – The RSI is about the overbought levels, and looks to extend gains.
Major Support Level – $14.00
Major Resistance Level – $14.50
Charts address – SimpleFX
