Ethereum Price Key Features

• Ethereum price made a decent upside move and exchanged over the $225 level against the US Dollar.
• There was a break over a noteworthy contracting triangle with resistance at $228 on the 4-hours diagram of ETH/USD.
• The pair is at present solidifying in a range over the $225 and $228 support levels.

Ethereum price is holding gains versus the US Dollar and Bitcoin. ETH/USD could exchange facilitate higher as long as it is over the $225 support.

Ethereum Price Analysis

This previous week, there was a better than average support base formed close to the $215-216 zone in Ethereum price against the US Dollar. The ETH/USD pair began an upside move and broke the $218, $220 and $225 resistance levels. Ethereum price moved into a bullish zone over the $225 level. It additionally settled over the $220 turn level and the 100 necessary moving regular (4-hours).

There was likewise a break over the half Lie retracement level of the last decrease from the $256 high to $203 low. Amid the upside move, there was a break over a noteworthy contracting triangle with resistance at $228 on the 4-hours outline of ETH/USD. The pair tried the $235-236 resistance zone and it is as of now merging increases. It appears as though the 61.8% Lie retracement level of the last decay from the $256 high to $203 low is going about as a resistance. On the off chance that there is a break over the $236 resistance, there could be more gains in the close term. Then again, plunges towards the $225 level and the 100 straightforward moving regular (4-hours) stays supported.

The above diagram shows that the Ethereum price could climb advance higher as long as ETH price is above $220 and $225. Underneath $220, ethereum price could expand its slide towards the $216 support level.

4-hours MACD – The MACD is gradually moving once again into the bullish zone.

4-hours RSI – The RSI is as of now well beneath the 55 level.

Significant Support Level – $225

Significant Resistance Level – $236