Ether price
soared by more than 25% against the US Dollar and Bitcoin. ETH/USD is currently correcting, but remains well into the bullish trend.
Key Highlights
There was another bullish wave in Ether price against the US Dollar and Bitcoin.
The ETH/USD pair was able to trade above the $30 handle, which was a strong uptrend signal.
ETH/BTC also jumped higher and broke the 0.022BTC resistance for a move above 0.0230BTC.
Technically, the 4-hour chart indicators are now retreating from the overbought territory.
Ether Price to Keep Rising
Ether’s winning streak continued during the past 24 hours, as it gained by more than 10% against the US Dollar. The ETH/USD pair was also able to surpass a monster hurdle at $30, setting yet another all-time high at $30.64.
The ETH/USD pair after trading as high as $30.64 started a correction, and moved below the $30 handle. However, it found support near a technical area at $26. There is a bullish trend line on the hourly chart positioned near the stated level.
Also, the $26 area coincided with the 38.2% Fib retracement level of the last wave from the $22.5 low to $30.64 high. It already bounced a couple of times from the trend line support, and it may continue to provide support.
If there is a break below the trend line support at $26.50, there can be a move towards the next bullish trend line positioned at $25.20. It is also just above the 50% Fib retracement level of the last wave from the $22.5 low to $30.64 high.
There is a minor toppish pattern formed near $30.50, which might provide a couple of correction waves. The 4-hour chart pattern also highlights the same.
There is a minor top pattern forming above $30, but there is also a bullish trend line positioned on the downside waiting to act as a barrier if the price moves down.
The price may continue to fluctuate, but remains supported for more gains as long as it is above $25.
Important Resistance Levels
$29.40 and $30.50
Important Support Levels
$26.00 and $25.00
Hourly RSI
The RSI technical is above the 50 level, and suggesting bullish signs.
Hourly MACD
The MACD is in the bullish zone, but losing momentum.
original source :
By Aayush Jindal
March 14, 2017 ETHNews.com
https://www.ethnews.com/analysis/03-14-2017-ether-price-winning-streak-continues
https://www.reddit.com/r/ethereum/comments/3fx7j7/some_quotes_from_ethereum_blockchain/
Blockchain quotes & shouts & celebrations :
Hash: 0xef673960a39542bab2ee7f0407aa9cf90d14e1740f1cd44583c0cf8f76460a15
Difficulty: 1,373,127,849,456
Miner: 0xdcaa6b5a9771756c30bf9e4629591344e36dbd54
Gas Limit: 6,437
Gas Usage: 0.0% (0 of 6,437)
Time: 2015-08-06 14:45:26 (2 years ago)
Uncle Hash: 0x1dcc4de8dec75d7aab85b567b6ccd41ad312451b948a7413f0a142fd40d49347
Root: 0x1f6cee3576058bf5708084e8326e7604c4b669857b0b72c976e2f4625ef5a9d8
Tx Hash: 0x56e81f171bcc55a6ff8345e692c0f86e5b48e01b996cadc001622fb5e363b421
Size: 546 bytes
Extra: Bob'); DROP TABLES Students; -- (Raw: 0x426f6227293b2044524f50205441424c45532053747564656e74733b202d2d)
Nonce: 0xd5ac87fb03cc4a8b
Reward: 5 Ether
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