THELOGICALINDIAN - Key Highlights
Ethereum amount surged college adjoin the US Dollar and Bitcoin. ETH/USD is now able-bodied aloft $640 and it looks set to extend assets aloft the $675 and $680 levels.
Ethereum Price Trend
There was a solid upside move from the $585 beat low in ETH amount adjoin the US Dollar. The amount bankrupt the $600 akin and acclimatized aloft the same. It additionally austere the $640 and $650 attrition levels, and traded as aerial as $674.73. At the moment, the amount is positioned accurately aloft the $630 axis akin and is eyeing added assets aloft the contempo high.
On the downside, an antecedent abutment is abreast the 23.6% Fib retracement akin of the aftermost beachcomber from the $617.66 low to $674.73 high. More importantly, there are two important bullish trend curve basic with abutment at $640 and $635 on the alternate blueprint of ETH/USD. The aboriginal trend band is abutting to the 50% Fib retracement akin of the aftermost beachcomber from the $617.66 low to $674.73 high. Thus, if the amount corrects lower, it will most acceptable acquisition buyers abreast the $640 and $635 levels. Additionally, the $630 axis akin is additionally a able support.
Looking at the chart, it seems like the amount may abide to bullwork college aloft $675. The abutting attrition aloft $675 is abreast the $690 level. A advance aloft the declared $690 akin could bright the aisle for added assets aloft $700 in the abreast term.
Hourly MACD – The MACD is placed accurately with absolute signs in the bullish zone.
Hourly RSI – The RSI is currently abreast the overbought levels.
Major Support Level – $640
Major Resistance Level – $690
