THELOGICALINDIAN - Ethereum amount is testing a above hurdle adjoin the US Dollar and Bitcoin Lets see if ETHUSD can breach 303 for added upsides in the abreast term
Ethereum Price Upside Hurdle
There was a bearish wave in ETH amount appear the $288 akin afresh adjoin the US Dollar. However, the amount was able to balance from $288. There was a appropriate abject formed abreast $288 and the amount was able to move aloft $290. It is now aloft the 50% Fib retracement akin of the aftermost bead from the $306.69 aerial to $287.13 low. It is a absolute assurance and the accepted anatomy looks bullish aloft the $280 level.
At the moment, the amount is trading abreast a aloft attrition area at $301-303. The $302 akin is abreast the 76.4% Fib retracement akin of the aftermost bead from the $306.69 aerial to $287.13 low. The 100 alternate simple affective boilerplate is positioned abreast $302 to act as an important resistance. Moreover, there are two bearish trend curve with attrition abreast $303 basic on the alternate blueprint of ETH/USD. If there is a breach and abutting aloft $303, the brace could barter appear the next resistance abreast $318.50.
There is addition bearish trend band sitting abreast $318.50. On the cast side, there is a bullish trend band in abode at $294.50. The brace ability anon breach either $303 or $294 for the abutting move.
Hourly MACD – The MACD is currently collapsed in the bullish zone.
Hourly RSI – The RSI is branch college appear the 60 level.
Major Support Level – $294
Major Resistance Level – $303
Charts address – SimpleFX
