THELOGICALINDIAN - Ethereum amount traded beneath 1200 intraday and currently attempting to move college already afresh but it may acquisition sellers abreast 1300
Ethereum Price Changed Trend?
Ethereum amount ETH was in a strong uptrend for about a week vs the US dollar and bitcoin. However, it looks like there is a accessory top in abode for ETH, and it may barter bottomward added affective ahead. ETH/USD bankrupt a above abutment breadth about the $13.00 level, which may now act as a attrition if the amount moves higher.
There is a bearish trend band formed on the alternate blueprint (data augment via Kraken) of ETH/USD, which may comedy a above role in the abbreviate term. The amount afterwards trading as low as $11.80 adapted higher. However, it bootless abreast the 38.2% Fib retracement akin of the aftermost bead from the $14.40 aerial to $11.79 low. A actual important attrition on the upside is abreast the trend line, as it is additionally ancillary with the 50% Fib retracement akin of the aforementioned drop.
Yesterday’s abstraction of affairs ETH/USD played well, and if you entered into a barter I achievement you bankrupt it with gains. I anticipate we can accede affairs added as continued as the amount is beneath the $13.00-$13.10 levels with a stop aloft it.
Hourly MACD – The MACD may change the abruptness to the bearish zone, calling for added losses.
Hourly RSI – The RSI is beneath the 50 level, which is a bearish sign.
Intraday Support Level – $12.00
Intraday Resistance Level – $13.00
Charts address of Kraken via Trading View
Header Image via NewsBTC
