Technical analysis Ethereum — ETH / USD will soon exceed $500?
Previously, ETH pullback and found support at $448, followed by the breakthrough of a narrowing triangle with resistance at $457, 1-tion timeframe ETH / USD; price may be $490-500.
Corrective wave started at $482,89. The price was below $475 and 23.6% Fibonacci of $358,17 to $482,89. But the movement kept down support at $450-488.
The 38.2% Fibonacci from $358,17 to $482,89 serves as a support. The price formed a base near $448-450 and went up. The breakthrough was followed by a narrowing triangle with a barrier at $457. Now the pair is again above $470 and can go to $490.
If buyers continue to act, then a possible breakout to $480-482 and motion to $500. There is support at $ 464 and $460, main $450-448.
The hourly MACD is in the bullish range.
Hour RSI is above 50 level.
Support — $460
Resistance — $500.
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