THELOGICALINDIAN - Key Highlights
Ethereum amount is currently accumulation adjoin the US Dollar and bitcoin. ETH/USD charge break aloft $200 to ascend college appear $205 and $210.
Yesterday, we saw a solid advancement move aloft the $197 and $200 resistances in ETH amount adjoin the US Dollar. The ETH/USD brace traded aloft the $208 and $210 attrition levels. It traded abutting to the $220 akin and formed a aerial at $219.95. Later, the amount aloof acutely and akin best of its assets aloft $210. There was a breach beneath the 50% Fib retracement akin of the aftermost beachcomber from the $189 low to $219 high.
However, the downside move begin abutment abreast the $199-20 zone. The amount traded abutting to the 76.4% Fib retracement akin of the aftermost beachcomber from the $189 low to $219 high. Later, it recovered and acclimatized aloft the $200 akin and the 100 alternate simple affective average. It seems like there is a key abutting bullish trend band in abode with abutment at $202 on the alternate blueprint of ETH/USD. On the upside, the amount has to breach the $204-205 attrition breadth to climb higher. The abutting aloft attrition is abreast $212, aloft which the amount could analysis $215.
Looking at the chart, ETH amount is placed accurately aloft the $200 abutment and the 100 alternate SMA. If buyers abort to accumulate the amount aloft $200, there could be a breach bottomward appear the $195 and $192 levels.
Hourly MACD – The MACD is boring affective in the bullish zone.
Hourly RSI – The RSI currently able-bodied aloft the 50 level.
Major Support Level – $200
Major Resistance Level – $205
