THELOGICALINDIAN - Key Highlights
Ethereum amount is surging college adjoin the US Dollar and Bitcoin. ETH/USD is now aloft $900 and it looks set for added assets in the abbreviate term.
Ethereum Price Trend
There was a fresh upside wave accomplished in ETH amount from $820 beat low adjoin the US Dollar. The amount traded college and succeeded in affective aloft the $860 and $880 attrition levels. Added importantly, there was a breach aloft the $897-900 attrition zone. It has opened the doors for added assets aloft the $900 level. At the moment, the amount is trading abreast the $920 akin and it looks set for added gains.
On the downside, yesterday’s accent acute bullish trend band with accepted abutment at $860 is complete on the alternate blueprint of ETH/USD. An antecedent abutment is about the $900 akin and the 23.6% Fib retracement akin of the aftermost beachcomber from the $826 low to $918 high. However, the affairs of any aloft decline in the abbreviate appellation beneath $900 are actual low. A key abutment is about the 50% Fib retracement akin of the aftermost beachcomber from the $826 low to $918 aerial at $870. As continued as the amount is aloft $870 and the trend band at $860, it charcoal in an uptrend.
On the upside, a breach aloft the $920 could advance the amount appear the $950 level. On the downside, supports are at $900, $870 and $860.
Hourly MACD – The MACD is accepting drive in the bullish zone.
Hourly RSI – The RSI is affective college and is currently abreast the 70 level.
Major Support Level – $870
Major Resistance Level – $950
Charts address – SimpleFX
