THELOGICALINDIAN - Ethereum amount fabricated a nice animation aback adjoin the US Dollar and ETHUSD now looks set for added assets aloft 2024
Ethereum Price Bullish Trend
This accomplished week was amazing for ETH price, as it confused bottomward and adapted lower adjoin the US Dollar and Bitcoin. Later, the alteration was over and the amount recovered. The ETH/USD brace traded as low as $16.06, and again started to move aback higher. It looks like the alteration beachcomber was over abreast $16.06, and now aback in the bullish zone. The amount is now trading with a absolute area with confused aloft the $18.00 akin and $19.00. These are positive signs and ability advance the amount added college in the abreast term.
There was a downside move appear the 23.6% fib retracement akin of the aftermost beachcomber from the $5.69 low to $20.54 high. Once the amount completed the alteration abreast the declared fib level, it confused aback higher. Later, the amount confused higher, and confused aloft the 50% fib retracement akin of the aftermost abatement from the $20.54 aerial to $16.06 low. If the accepted trend charcoal intact, there is a adventitious of a move aloft the aftermost aerial of $20.54.
If the drive stays, the amount could barter appear the best important aerial abreast $21.50. Overall, the amount is trading with a absolute tone, and charcoal buy on dips.
Daily MACD – The MACD is now able-bodied placed in the bullish zone.
Daily RSI – The RSI is into the overbought levels, and signaling a accessory pullback already again.
Major Support Level – $19.00
Major Resistance Level – $20.54
Charts address – SimpleFX
