THELOGICALINDIAN - Ethereum amount afterwards commutual a alteration appearance started to accretion bids already afresh which may advance ETHUSD appear 1500 in the abbreviate term
Ethereum Price Support
Ethereum amount ETH traded as aerial as $14.88 this accomplished anniversary area it begin offers and confused down. The amount traded as low as $12.80, and completed a alteration phase. ETH/USD started to barter college already again, and it looks like there is a adventitious of a move appear $15.00 in the abbreviate term. There is a bullish trend band formed on the alternate blueprint (data augment via Kraken) of ETH/USD, which is acting as a buy zone.
The best important point is the actuality that the amount is now aback aloft the 100 alternate simple affective average. The amount additionally bankrupt the 50% Fib retracement akin of the aftermost bead from the $14.88 aerial to $12.80 low, which credibility that there is a aerial anticipation that ETH/USD could retest the aftermost beat high.
As continued as the amount stays aloft the trend band abutment area, it may retest the $14.88 akin or may alike break it to analysis $15.00. I accept been attractive for a analysis of $15.00 for a continued time, and it looks like a achievability in the abbreviate term.
Hourly MACD – The MACD may be branch appear the bullish zone, which may booty ETH/USD higher.
Hourly RSI – The RSI is aloft the 50 level, which is a absolute sign.
Intraday Support Level – $14.00
Intraday Resistance Level – $14.88
Charts address of Kraken via Trading View
Image via NewsBTC
