THELOGICALINDIAN - Ethereum amount boring confused lower this accomplished anniversary adjoin the US Dollar and Bitcoin Now ETHUSD is attempting a accretion appear 220
Ethereum Price Support
There was a high formed at $255.74 in ETH amount adjoin the US Dollar. Later, the amount started acclimation lower and confused beneath the $220-225 abutment zone. The downside move was such that there was a breach beneath the $200 handle as well. The amount alike confused beneath the 50% Fib retracement akin of the beachcomber from the $136.51 low to $255.74 high.
However, the downside move was adequate by the $180 level. It is abreast the 61.8% Fib retracement akin of the beachcomber from the $136.51 low to $255.74 high. There is additionally a bottomward approach arrangement with abutment abreast $170 basic on the 4-hours blueprint of ETH/USD. It may act as a aloft agitator for the abutting move. The amount is currently attempting to achieve aloft the 100 simple affective boilerplate at $205. However, it may not be an easy job for buyers with supports abreast $195 and $180.
On the upside, the approach attrition is abreast $220, which could be activated if the amount settles aloft the 100 SMA. On the downside, the approach abutment and the 61.8% Fib akin at $180-178 is a acute abutment zone. As continued as the amount is aloft $180, there is a adventitious of a move appear $220 in the abreast term.
4-hours MACD – The MACD is currently attempting to move from the bearish to bullish zone.
4-hours RSI – The RSI has confused aloft the 50 level.
Major Support Level – $180.00
Major Resistance Level – $220.00
Charts address – SimpleFX
