THELOGICALINDIAN - Key Highlights
Ethereum amount is captivation key supports adjoin the US Dollar and bitcoin. ETH/USD is acceptable to animation aback aloft $155 as continued as it is aloft $140.
Yesterday, ETH amount traded abutting to the $157 akin adjoin the US Dollar. The ETH/USD brace traded as aerial as $156.97 and after started a downside correction. It beneath beneath the $154 and $150 abutment levels. There was additionally a breach beneath the 23.6% Fib retracement akin of the contempo leg from the $130 low to $157 high. However, the amount begin a able abutment abreast the $144 level.
Moreover, there is a aloft bullish trend band formed with abutment at $145 on the alternate blueprint of ETH/USD. The brace additionally activated the 50% Fib retracement akin of the contempo leg from the $130 low to $157 high. It is currently accumulation aloft the $144 akin and the trend line. The amount activity is absolute and it seems like the amount may anon breach the $150 and $154 levels. A breach aloft the $154-155 area could bright the aisle for added gains. On the downside, the trend band support, $144, and the 100 alternate simple affective average authority the key. As continued as the amount is aloft $144 and $140, it could animation aback in the abreast term.
Looking at the chart, ETH amount is is assertive for added assets aloft the $150 and $154 levels. However, a able breach aloft the contempo aerial abreast $157 is bare for a solid bullish wave.
Hourly MACD – The MACD is affective aback in the bullish zone.
Hourly RSI – The RSI is aloof aloft the 50 level.
Major Support Level – $144
Major Resistance Level – $155
