- ETH price completed a downside correction near $600 and recovered against the US Dollar.
- There is a monster bullish trend line formed with support at $660 on the 4-hours chart of ETH/USD (经由海妖数据馈送).
- The pair remains in a major uptrend and it is likely to accelerate above the $714.52 高在短期内.
Ethereum price is trading with a positive angle versus the US Dollar and Bitcoin. ETH/USD eyes further upsides and a break to a new monthly high.
There were swing moves this past week above $600 in ETH price against the US Dollar. The price traded as high as $714.52 开始下行修正前. It faced a strong selling interest, which pushed the price below the $680 和 $640 支撑位. 还有下面的一个突破 23.6% Fib retracement level of the last bullish wave from the $486 低 $714. It opened the doors for more losses and the price tested the $600 支撑区域.
然而, losses were protected by the $600 支撑区域. 更重要的是, a monster bullish trend line with current support at $660 on the 4-hours chart of ETH/USD also acted stopped losses. The pair jumped higher once again and moved above $640 和 $660. It is currently trading near the $695 level and it seems like the price may continue to grind higher. The current price action is positive above $660 and a break above $700 is required for more gains. A successful break above the $700 level may call for a push above the $714.52 在近期水平.
The above chart also indicates that the price remains supported above $660. 跌破 $660 may call for a downside push towards the $620 水平.
4-hours MACD – The MACD is back in the bullish zone.
4-hours RSI – The RSI is currently moving nicely with a positive angle above the 55 水平.
主要支持水平 - $660
重要的阻力位 - $714