THELOGICALINDIAN - Ethereum amount is affective accurately in a absolute trend adjoin the US Dollar and bitcoin ETH charcoal accurate on dips and it seems like beasts are aiming for the 150 level
Ethereum Price Analysis
Yesterday, we discussed about accessible added assets aloft the $140 attrition in ETH amount adjoin the US Dollar. The ETH/USD brace biconcave a few points, but it begin a solid abutment abreast the $137 level. Later, there was a beginning access and the amount rallied aloft the $142 and $144 attrition level. The amount alike bankrupt the $144 akin and acicular aloft the $145 resistance. A new beat aerial was formed abutting to the $146 akin and the amount is currently acclimation lower.
At the outset, the amount is trading able-bodied aloft the $140 abutment and the 100 alternate simple affective average. It is currently trading abreast the 23.6% Fib retracement akin of the contempo beachcomber from the $140 beat low to $146 beat high. There is additionally a key abutting bullish trend band formed with abutment aloft $143 on the alternate blueprint of ETH/USD. It seems like the amount may actual beneath the trend band and $142 in the abbreviate term. However, the $141 akin may act as a strong abutment area.
Besides, the 50% Fib retracement akin of the contempo beachcomber from the $140 beat low to $146 beat aerial ability additionally anticipate declines. Once the accepted alteration is complete, there are affairs of added assets aloft the $144 and $145 levels. A bright chase through aloft the $146 akin ability alarm for a analysis of the $150 attrition level.
Looking at the chart, Ethereum amount is trading in a absolute trend aloft the $142 and $141 abutment levels. The abutting key abutment is abreast the $139 level, which was a able attrition earlier. In the abbreviate term, there could be a downside alteration or ambit moves abreast $142. Having said that, the amount is acceptable to resume its upside and barter appear the $150 akin in the abreast term.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is placed accurately in the bullish zone.
Hourly RSI – The RSI for ETH/USD is currently acclimation lower from the 80 level.
Major Support Level – $141
Major Resistance Level – $146
