Ethereum is in a great uptrend!../Cryptocurrency..

in #cryptocurrency6 years ago

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..Ethereum25.png
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

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