THELOGICALINDIAN - Ethereum amount had an absorbing run this accomplished anniversary adjoin the US Dollar and Bitcoin as ETHUSD managed to analysis 100 and traded with bullish tone
Ethereum Price Upside Surge
It looks like it was one of the best weeks so far for ETH amount as it activated the $100 akin adjoin the US Dollar. There was a solid upside billow as the amount bankrupt the $80 and $90 levels to analysis the all-important $100 level. A new aerial was formed aloof aloft $100 at $100.60. It was a abundant bullish ride, as sellers were absolutely decimated already there was a breach aloft the $76 beat high. There was alike a breach aloft the 1.618 addendum of the aftermost abatement from the $76 aerial to $65 low.
The amount traded as aerial as $100.60 and now acclimation lower. A nice abutment is formed abreast $88. There is additionally a above bullish trend band formed with abutment at $88 formed on the circadian blueprint of ETH/USD. Moreover, the 23.6% Fib retracement akin of the aftermost beachcomber from the $40.60 low to $100.60 aerial is at $86.45. So, we can say there are abounding acute abutment levels abreast $88 and $86.
A breach beneath the trend band abutment won’t be good. It may alert a move appear the 38.2% Fib retracement akin of the aftermost beachcomber from the $40.60 low to $100.60 aerial is at $77.70. On the added hand, a breach aloft $100.5 may alarm for added gains.
Daily MACD – The MACD is actual able in the bullish zone.
Daily RSI – The RSI is currently into the overbought levels about 76.
Major Support Level – $88.00
Major Resistance Level – $100.00
Charts address – SimpleFX
