"ETHEREUM" Ethereum Price Analysis:ETH/USD Consolidating above 460$-

in #mgsc6 years ago

Hi, Steemers today's Special Ethereum Price Analysis, Key Highlights & Chart Details here all openeon there think:-

Key Highlights :

  • ETH price traded in a range above the $458-460 support zone against the US Dollar.
  • Yesterday’s highlighted crucial bullish trend line is intact with support at $458 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair may slowly move higher as long as it is above the $458 support level.
  • Ethereum price is trading in a range against the US Dollar and Bitcoin. ETH/USD could gain traction if buyers continue to stop declines below $458.Ethereum5.png
    Ethereum Price Support:
    Recently, there were a couple of swing moves above $455 in ETH price against the US Dollar. The ETH/USD pair tested the $476-480 resistance zone where it faced sellers. It declined and traded towards the $455-460 support area. Buyers were able to protect losses below $458 and the price remains supported. The recent low was $458.29 and the price is currently moving higher.

It is trading above the 23.6% Fib retracement level of the last decline from the $483 high to $458 low. The price is slightly in the bullish zone above $465 and the 100 hourly simple moving average. An initial resistance on the upside is near the $470 level. The next one is the 50% Fib retracement level of the last decline from the $483 high to $458 low at $471. Above this, the price could continue to move higher towards the $478 resistance. A successful break above the $478-480 resistance zone is needed for buyers to gain traction. On the downside, yesterday’s highlighted crucial bullish trend line is intact with support at $458 on the hourly chart of ETH/USD.
techanalysis-eth-700x400.jpg
Looking at the chart, the price is trading comfortably above the $458 support area. However, it must gain traction above the $478-480 resistance zone to move further higher. Otherwise, there is a risk of a break below the trend line and $455 in the near term.

Hourly MACD – The MACD is slowly moving in the bullish zone.

Hourly RSI – The RSI is currently just above the 50 level.

Major Support Level – $458

Major Resistance Level – $478

Thank You

UniqueBoyDK
@earn-with-dk

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This post has received a 3.27 % upvote from @booster thanks to: @earn-with-dk, @earn-with-dk.

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Ya brother check your blog

I hope end of the year i see 1000$ eth

good bro,

Ya thanks dear continue keep support

@dk Bro thanks For Reply Me , I hope we all connected On steemit .

By the end of this year Ethereum can reach $1000

I think 1000 to1200$

Done........

Ya dear thanks

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@earn-with-dk yes brother your post informative for eth holders like me thanks please Upvote