THELOGICALINDIAN - Ethereum amount acicular college adjoin the US Dollar and the aftermost few alternate candles attending actual absolute for added assets in the abbreviate term
Ethereum Price Break
There was a nice upside move in Ethereum amount ETH adjoin the US Dollar, which took it aloft a brace of important attrition levels. The ETH/USD brace alike traded aloft the $10.60 level. However, the best important point to agenda is that the brace bankrupt yesterday’s highlighted bearish trend line on the alternate blueprint (data augment via Kraken), signaling added gains.
The accepted amount activity is actual positive, as the amount is now trading aloft the 100 alternate simple affective average. At this moment, the bears are defending the 61.8% Fib retracement akin of the aftermost bead from the $11.30 aerial to $10.08 low.
So, there is a adventitious of a accessory alteration in the abreast appellation in ETH/USD, which could acquisition abutment about the 100 alternate SMA and the burst trend line. On the upside, a breach and abutting aloft the mentioned fib akin could booty the amount appear the aftermost beat aerial of $11.30. I anticipate one may accede affairs dips as continued as the amount is aloft the 100 alternate SMA or aloft the $10.30 level.
Hourly MACD – The MACD has confused into the bullish zone, which is a alarm for added upsides in the abbreviate term.
Hourly RSI – The RSI jumped acutely appear the 80 level, and currently acclimation lower to arresting a accessory correction.
Major Support Level – $10.50
Major Resistance Level – $11.00
Charts address – SimpleFX
