- ETH price surged higher and broke the $200 resistance against the US Dollar.
- Er is een korte opgaande kanaal plaats met ondersteuning op $216 op de uur grafiek van ETH / USD (gegevensfeed via Kraken).
- The pair is following a solid bullish bias and it could continue to move higher towards the $235-240 levels.
Ethereum price gained bullish momentum against the US Dollar and bitcoin. ETH/USD rallied above the $210 resistance and it looks set for more gains.
Ethereum Price Rally
Tenslotte, there was a sharp upward move noted from the $170 support base in ETH price against the US Dollar. The ETH/USD pair started a solid bullish wave and broke many resistances such as $185, $195, $200 en $210. It even settled above the $200 handle and the 100 Per uur simple moving average. Tijdens de opkomst, there was a break above a key connecting bearish trend line at $#185 op de uur grafiek van ETH / USD.
The pair even broke the $220 level and traded as high as $224.09 recently. At the moment, it seems like the pair is following a short-term ascending channel with support at $216 op dezelfde chart. Aan de andere kant, the channel support is above the 23.6% Fib retracement level of the recent wave from the $167 van laag naar $224 hoog. Below this, the pair may perhaps correct towards the $200 handle. Tenslotte, the most important support is near $195 en de 100 hourly SMA. Daarnaast, de 50% Fib retracement level of the recent wave from the $167 van laag naar $224 high is also near $195.
Kijken naar de grafiek, ETH price is clearly back with a bang and dips from the current levels towards $200 remains supported. Van opwaartse, the next important resistances for buyers are $235 en $240. Boven deze laatste, de prijs konden testen van de $250 niveau.
Hourly MACD – The MACD is moving in the bullish zone.
Hourly RSI – The RSI is currently in the overbought zone above the 70 niveau.
Major Support Level - $210
Major Resistance Level - $235
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