THELOGICALINDIAN - Ethereum amount popped a few credibility college adjoin the US Dollar and now ETHUSD is able-bodied positioned aloft the 4100 akin for added gains
Ethereum Price Support
There was a nice upside move in ETH amount aloft $41 adjoin the US Dollar. The amount managed to breach a brace of important resistances. The best important one was yesterday’s accent two bearish trend curve with attrition at $41.70 on the alternate blueprint (ETH/USD, abstracts augment via SimpleFX). The amount additionally attempted a breach aloft the 61.8% Fib retracement akin of the aftermost abatement from the $45.09 aerial to $38.15 low. However, it bootless to ascend aloft the $43.90 level.
At the moment, the amount is acclimation lower appear $41.70. It is currently testing the 23.6% Fib retracement akin of the aftermost beachcomber from the $38.20 low to $43.90 high. However, there is a above abutment cat-and-mouse on the downside abreast $41.70. It coincides with the 100 alternate simple affective boilerplate at $41.72. Moreover, the 38.2% Fib retracement akin of the last wave from the $38.20 low to $43.90 aerial is additionally about the aforementioned support.
Last but not the least, the burst trend band is at $41.50. So, we can say there are abounding abutment levels on the downside. So, one may accede affairs as continued as the amount is aloft a new bullish trend band with abutment at $39.50.
Hourly MACD – The MACD is hardly in the bullish zone, which is a absolute sign.
Hourly RSI – The RSI is currently able-bodied aloft the 50 level.
Major Support Level – $41.00
Major Resistance Level – $43.90
Charts address – SimpleFX
