THELOGICALINDIAN - Ethereum amount is afterward a acceptable bullish aisle adjoin the US Dollar and bitcoin ETH is acceptable to pump aloft the 140 attrition breadth in the advancing sessions
Ethereum Price Analysis
After a aloft drop, ETH amount begin abutment abreast the $130 breadth adjoin the US Dollar. The ETH/USD brace started a solid accretion and bankrupt the $134 and $135 attrition levels. Later, there was a abutting aloft the $135 barrier and the 100 alternate simple affective average. There were apathetic and abiding assets aloft the $137 and $138 levels. The amount alike traded aloft the $139 akin afresh and activated the $140 attrition level. A beat aerial was formed abreast $140 and the amount is currently accumulation gains.
An antecedent abutment is abreast the $138 level. It coincides with the 23.6% Fib retracement akin of the contempo beachcomber from the $133 beat low to $140 high. There is additionally an ascendance approach in abode with abutment at $138 on the alternate blueprint of ETH/USD. Therefore, the amount is acceptable to chase a solid bullish path as continued as it is aloft the $138 support. If there is a downside breach beneath the approach support, the amount may analysis the $136 abutment area.
The 50% Fib retracement akin of the contempo beachcomber from the $133 beat low to $140 aerial is additionally abreast the $136 level. Finally, the abutting abutment is abreast the $135 akin and the 100 alternate simple affective average. On the upside, an antecedent attrition is abreast the $140 level, apery a acute barrier for buyers. If there is an upside breach aloft the $140 resistance, there could be abundant assets in the advancing sessions.
Looking at the chart, ETH amount seems to be afterward a nice uptrend aloft the $138 and $136 abutment levels. Once there is a breach aloft the $140 barrier, the amount is acceptable to analysis the $144-145 attrition area. On the downside, if there is a breach beneath the $138 support, buyers are acceptable to booty a angle abreast the $136 level.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is about to move aback in the bullish zone.
Hourly RSI – The RSI for ETH/USD is currently acclimation lower from the 70 level.
Major Support Level – $136
Major Resistance Level – $140
