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ETH moved up, will it maintain $224 or fall again?

Ethereum price is situated for more gains. ETH/USD could amend lower, however plunges towards $416 and $412 stays supported.
Ethereum price is situated for more gains. ETH/USD could amend lower, however plunges towards $416 and $412 stays supported.

Ethereum Price Key Features

  • Ethereum price moved higher and broke a key resistance close $210 against the US Dollar.
  • The current week’s taken after critical bearish pattern line was broken close $209 on the hourly outline of ETH/USD (information feed by means of Kraken).
  • The pair exchanged towards the $230 level and it is presently adjusting lower in the close term.

Ethereum price is situated for more gains against the US Dollar and bitcoin. ETH/USD could amend lower, however plunges towards $416 and $412 stays supported.

Ethereum Price Analysis

As of late, there was a union stage framed beneath the $212 and $216 resistances for Ethereum price against the US Dollar. The ETH/USD pair framed a fair support base close to the $207 level and later began an upside move. It broke numerous resistances amid the ascent, for example, $210, $212 and $216. ETH price additionally settled over the $210 level and the 100 hourly straightforward moving normal.

All the more critically, the current week’s taken after vital bearish pattern line was broken close $209 on the hourly graph of ETH/USD. The pair even broke the $220 resistance and exchanged towards the $230 level. Another intraday high was shaped at $229.88 before Ethereum price began a drawback rectification. At present, the price is treading close to the $220 level. It is near the 23.6% Lie retracement level of the last wave from the $197 low to $229 high. On the off chance that there is a drawback expansion, Ethereum price could test the past resistance close $216. It is over the half Lie retracement level of the last wave from the $197 low to $229 high.

ETHUSD Price Chart 21 September
ETHUSD Price Chart 21 September

Taking a gander at the diagram, Ethereum price exchanging with a bullish inclination over the $216 level. Any revision from the present levels is probably going to discover support close $216 and $213. On the upside, a break over the $228 and $230 resistance could drive ethereum price towards $240.

Hourly MACD – The MACD is picking up strength in the bullish zone.

Hourly RSI – The RSI is well over the 60 level.

Significant Support Level – $216

Significant Resistance Level – $228

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