Ethereum has completed a correction of around $ 600 and is improving against the US dollar. Ethereum has entered a major uptrend.
The ETH / USD has a monster bullish trend line with $ 660 support on the 4-hour chart.
The pair remains in a bullish trend and is expected to stay above the $ 714.52 level in the nearest pit.
The Ethereum price (ETH) is traded at a positive angle against the US dollar and Bitcoin. The ETH / USD pair rises further and switches to a new monthly high. Ethereum is currently trading at $ 691.60.
Ethereum big price supports
Over the past week there have been fluctuations in the price of Ethereum over $ 600 against the US dollar. The price was trading at a high level of $ 714.52 before the downward correction began. The price faced a strong selling interest, pushing it below $ 680 and $ 640 support levels. The last rising wave of 23.6% below the level of Fib withdrawal from $ 714 to 486 dolars experienced a break. Ethereum opened the doors for more losses and tested the $ 600 support zone.
However, the losses were protected by a $ 600 support zone. More importantly, a bullish trend line with current support of $ 660 on the 4-hour ETH / USD parity chart also affected the losses sustained. The pair once again jumped to a higher level and moved over the $ 640 and $ 660 levels. It is currently trading at $ 691.60 and the price seems to be higher. The current price action is positive above $ 660 and a break above $ 700 is needed for more profit. A successful break above $ 700 in Ethereum can be requested for a push above $ 714.52 in the near-edge..
the chart below shows that the price remains above $ 660. A break below $ 660 can be called up for a downward push towards the $ 620 level..
Ethereum price analysis
4-hour MACD: MACD has returned to the bull's-eye.
4-hour RSI: RSI is now moving nicely with a positive angle above 55 levels.
Major support level: $ 660
Great resistance level: US $ 714
latest news in telegram channel..
Newsbtc
The information contained in the article is purely informational. It does not carry any investment advice. You are not responsible for the profits or damages arising from the investments you are making and cryptoparahaber.com. Investment is ultimately based on a number of themes, such as knowledge, experience, experience, research and personal decisions..
