THELOGICALINDIAN - Key Highlights
Ethereum amount is aback accepting clip adjoin the US Dollar and bitcoin. ETH/USD could advance and analysis the abutting attrition abreast the $150 level.
Recently, there was a dip appear the $128 akin in ETH amount adjoin the US Dollar. The ETH/USD brace begin a strong affairs interest abreast $128, consistent in a appropriate upside move. The amount bounced aback and traded aloft the $130 akin and the 100 alternate simple affective average. Moreover, there was a breach aloft the 50% Fib retracement akin of the aftermost abatement from the $146 aerial to $128 low.
More importantly, there was a breach aloft a aloft bearish trend band with attrition at $134 on the alternate blueprint of ETH/USD. The brace acicular aloft the $138 akin and activated the $140 attrition level. However, the amount seems to be disturbing to bright the $140-141 zone. It represents the 61.8% Fib retracement akin of the aftermost abatement from the $146 aerial to $128 low. If there is a able abutting aloft the $140 level, the amount is acceptable to ascend added college appear the $144 and $148 attrition levels. The main hurdle for buyers is abreast the $150 level.
Looking at the chart, ETH amount is aback in a absolute area aloft the $134 level. However, it needs to beat the $140 barrier to abide higher. On the downside, an antecedent abutment is at $137 akin followed by the $133 level.
Hourly MACD – The MACD is accepting clip in the bullish zone.
Hourly RSI – The RSI is now placed able-bodied aloft the 60 level.
Major Support Level – $133
Major Resistance Level – $140
