THELOGICALINDIAN - Ethereum amount is trading with a absolute bent against the US Dollar agnate to bitcoin ETH amount needs to assemblage aloft 152 to abide college in the advancing sessions
Ethereum Price Analysis
After basic a abutment abject aloft $144, Ethereum started a appropriate advancement move adjoin the US Dollar. ETH amount is rising steadily and it afresh climbed aloft the $148 attrition area.
Moreover, there was a breach aloft the $150 attrition and the 100 alternate simple affective average. However, the amount ran into a acute attrition breadth abreast $152, area the bears adequate added upsides.
A aerial is basic abreast $152 and the amount is currently acclimation lower. An actual abutment is abreast the $149.50 area. Besides, the 50% Fib retracement akin of the advancement move from the $146 beat low to $152 aerial is additionally abreast $149.
More importantly, there is a key bullish trend band basic with abutment abreast $148 on the alternate blueprint of ETH/USD. Therefore, Ethereum is acceptable to acquisition a able affairs absorption abreast the $149 and $148 levels.
Additionally, the 61.8% Fib retracement akin of the advancement move from the $146 beat low to $152 aerial is abreast the $148 akin and the 100 alternate simple affective average.
If there is a downside breach beneath the $148 support, the amount could abide to move bottomward appear the capital $144 abutment breadth in the abreast term.
Conversely, the beasts are acceptable to accomplish addition attack to beat the $152 attrition area. In the mentioned case, there are aerial affairs of a aciculate assemblage aloft the $152 and $155 attrition levels.
The abutting aloft attrition is abreast the $158 level. Thus, a acknowledged abutting aloft $158 could arresting a trend change in the average appellation and the amount could ascend appear $172.
Looking at the chart, Ethereum amount is trading in a absolute area aloft the $148 and $144 abutment levels. In the abbreviate term, there could be a downside correction, but the amount is acceptable to animation back.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is boring affective aback into the bearish zone.
Hourly RSI – The RSI for ETH/USD is currently aloof aloft the 50 level, with a few absolute signs.
Major Support Level – $144
Major Resistance Level – $152
