THELOGICALINDIAN - Key Highlights
Ethereum amount is trading in a bound ambit adjoin the US Dollar and bitcoin. ETH/USD charcoal at a accident of a downside breach as continued as it is beneath $154.
After basic a support abject abreast $146, ETH amount recovered a few credibility adjoin the US Dollar. The ETH/USD brace traded aloft the $148 and $150 attrition levels. There was additionally a breach aloft the 23.6% Fib retracement akin of the aftermost accelerate from the $160 aerial to $146 beat low. However, the upside move was capped by the $153-154 attrition zone. There was additionally no able abutting aloft $152 and the 100 alternate simple affective average. Besides, the 50% Fib retracement akin of the aftermost accelerate from the $160 aerial to $146 beat low acted as a resistance.
The amount beneath afresh and confused beneath the $152 akin and the 100 alternate SMA. It is currently accumulation abreast the $150 level, with a accessory bearish angle. On the upside, there is a able attrition formed abreast $154. There are additionally two aloft bearish trend curve formed with attrition at $152 and $154 on the alternate blueprint of ETH/USD. Aloft the trend lines, the amount could barter appear the $157 attrition area. A bright breach aloft $157 and 76.4% Fib retracement akin of the last slide may advance the amount appear $160.
Looking at the chart, ETH amount seems to be adjustment for the abutting move either aloft $154 or beneath $146. If buyers abide to face hurdles abreast $154, there is a accident of a downside breach beneath $146.
Hourly MACD – The MACD for ETH/USD is currently collapsed in the bearish zone, with a accessory bearish angle.
Hourly RSI – The RSI for ETH/USD is pointing no above blemish arresting beneath the 60 level.
Major Support Level – $146
Major Resistance Level – $154
