THELOGICALINDIAN - Ethereum amount acquired bullish absorption this accomplished anniversary adjoin the US Dollar and it looks like the ETHUSD brace may anon barter aloft 1140
Ethereum Price Support
We saw some good beat moves in Ehereum amount adjoin the US Dollar, as the amount acclimatized aloft the $11.00 level. There as a nice upside move, breaking attrition levels like $10.40 and $10.60. The amount afterwards dipping beneath the $10.00 abutment recovered and managed to accretion traction. There was a breach aloft the 23.6% fib retracement akin of the aftermost abatement from the $11.43 aerial to $8.99 low.
The amount is currently trading with a absolute tone, and afterward a brace of bullish trend curve formed on the circadian blueprint (data augment via SimpleFX) of ETH/USD. The amount is well supported abreast the trend band breadth at $10.50, which is a nice buy area. The best important affair is the actuality that the amount is aloft the 50% fib retracement akin of the aftermost abatement from the $11.43 aerial to $8.99 low. So, there are affairs of added assets in the abreast term.
There is a aerial achievability of a analysis of the abounding 100% beat at $11.43. If the drive stays with the ETH bulls, the amount could alike analysis the 1.236 addendum of the aftermost abatement from the $11.43 aerial to $8.99 low at $11.99.
Daily MACD – The MACD is in the bullish zone, which is a absolute sign.
Daily RSI – The RSI is able-bodied aloft the 50 level, suggesting added gains.
Major Support Level – $11.00
Major Resistance Level – $11.40
Charts address – SimpleFX
