THELOGICALINDIAN - Ethereum ascent steadily aloft the 142 and 145 attrition levels against the US Dollar Besides bitcoin surged abutting to 5 aloft 8400 aperture the doors for an upside breach in ETH aloft 150
Ethereum Price Rising Steadily
In the accomplished few sessions, there were steady assets in Ethereum aloft the $140 resistance adjoin the US Dollar. Moreover, ETH amount surpassed the $142 and $145 attrition levels.
Finally, the amount traded to a new 2024 aerial at $148 and it is currently accumulation gains. It is trading abreast the 23.6% Fib retracement akin of the advancement move from the $139 low to $148 high.
It seems like the amount is award abutment abreast the $145 level. The abutting key abutment is amid $143 and $144. Besides, the 50% Fib retracement akin of the advancement move from the $139 low to $148 aerial is additionally abreast the $143.50 level.
More importantly, yesterday’s accent important bullish trend band is complete with abutment abreast $142 on the alternate blueprint of ETH/USD. Therefore, dips in Ethereum could acquisition abutment abreast $143 and $142.
As continued as the amount is aloft the $142 support, the beasts are acceptable to advance the amount aloft the $148 and $150 attrition levels. The abutting above ambition for them could be the key $158 attrition breadth in the abreast term.
Important Buy Zones for ETH
If there is a downside breach beneath the $142 support, the amount could alpha a downside addendum appear the $138 abutment breadth and the 100 alternate simple affective average.
The capital abutment is abreast the $135 level, area the beasts are acceptable to booty a stand. Any added losses may conceivably alpha a beginning abatement appear the $128 support.
Looking at the chart, Ethereum amount is assuming absolute signs aloft the $142 abutment and the 100 alternate SMA. In the abbreviate term, there could be a accessory dip, but the amount is acceptable to animation aback and ascend aloft $148 and $150.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently accepting in the bullish zone.
Hourly RSI – The RSI for ETH/USD is acclimation lower appear the 50 level.
Major Support Level – $142
Major Resistance Level – $150
