THELOGICALINDIAN - Ethereum amount is trading accurately in a absolute area adjoin the US Dollar and bitcoin ETHUSD will best acceptable breach the 150 attrition and it could alike beat the 155 level
Ethereum Price Analysis
Yesterday, we saw a downside alteration in ETH amount from the $149 and $150 resistances adjoin the US Dollar. The ETH/USD brace beneath beneath the $144 abutment level, but the $138 and $140 levels acted as a solid buy zone. As a result, the brace bounced aback and traded aloft the $144 and $146 levels. However, sellers remained in ascendancy abreast the $148 and $149 attrition levels. There was no acknowledged breach aloft the $148 and $150 barriers. The aftermost beat aerial was formed aloof beneath $149 and the amount is currently acclimation lower.
It already activated the 50% Fib retracement akin of the aftermost beachcomber from the $140 beat low to $149 beat high. On the downside, there are abounding supports abreast the $143 and $144 levels. There is additionally a new abutting bullish trend band basic with abutment at $143 on the alternate blueprint of ETH/USD. Besides, the 61.8% Fib retracement akin of the aftermost beachcomber from the $140 beat low to $149 beat aerial is additionally abreast the $143 level. Therefore, the $143 abutment is acceptable to act as a able support.
Below $143, the abutting aloft abutment is abreast the $140 area, followed by $138. The 100 alternate simple affective average is additionally abutting to the $138 akin to act as a support. As continued as the amount is trading aloft the $138 beat low, it charcoal accurate for added gains. However, buyers charge to booty out the $148 and $149 attrition levels for added gains.
Looking at the chart, ETH amount is acutely eyeing an upside breach aloft the $148 and $150 resistances. Once buyers accomplish in accepting backbone aloft $150, the amount could alike breach the $155 akin in the abreast term. The abutting ambition could be $162.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently collapsed in the bullish zone, with a few absolute signs.
Hourly RSI – The RSI for ETH/USD beneath afresh and activated the 50 level, with a collapsed structure.
Major Support Levels – $143 and $138.
Major Resistance Levels – $148, $149 and $150.
