Ethereum Price (ETH) Looks Set To Continue Higher

THELOGICALINDIAN - Ethereum amount is accepting drive aloft the 175 akin against the US Dollar while bitcoin is accumulation ETH amount is acceptable to abide college aloft 185

Ethereum Price Analysis

In the accomplished few sessions, ETH amount remained able-bodied bid aloft the $170 abutment adjoin the US Dollar. However, bitcoin amount remained in a ambit aloft the $10,200 abutment area. Ethereum amount is assuming absolute signs and is trading accurately aloft the key $175 abutment area. Moreover, there was a breach aloft the $180 akin and the 100 alternate simple affective average.

The aftermost beat aerial was formed $186 and it is afresh adapted lower. There was a breach beneath the $182 abutment and the 50% Fib retracement akin of the aftermost beachcomber from the $176 low to $186 high. Additionally, the amount acicular beneath the $180 abutment level. However, the $178 akin acted as a able support. Besides, the 76.4% Fib retracement akin of the aftermost beachcomber from the $176 low to $186 aerial acted as a support.

More importantly, there is a key bullish trend band basic with abutment at $178 on the alternate blueprint of ETH/USD. The trend band and $178 abutment could act as a able buy zone. If there is a downside breach beneath $178, the amount could abide to move bottomward appear the $175 level. The abutting key abutment is abreast the $173 level. It coincides with the 1.236 Fib addendum akin of the aftermost beachcomber from the $176 low to $186 high.

On the upside, there are abounding hurdles abreast the $184 and $185 levels. If there is an upside breach aloft the $185 resistance, the amount could advance higher. The abutting stop for the beasts could be abreast the $192 and $195 level.

Looking at the chart, Ethereum amount is trading with a absolute and it seems like the amount could advance appear the $200 akin in the advancing sessions. Only a circadian abutting beneath the $170 akin ability abate the accepted bullish bias.