Ethereum Price Analysis (ETH/USD) Uptrend Continues – 3 July

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Key Highlights Ethereum Price Analysis (ETH/USD) Uptrend Continues – 3 July

  • ETH price picked up force and cleared the $455-458 obstruction zone against the US Dollar.
  • Yesterday’s featured vital contracting triangle was ruptured with opposition at $454 on the hourly graph of ETH/USD (information feed by means of Kraken).
  • The match is presently set pleasantly over the $458 obstruction and is at present peering toward more picks up.

Ethereum price (ETH price) is exchanging with a positive inclination against the US Dollar and Bitcoin. ETH/USD is probably going to clear the $481 high for more upsides in the close term.

 

Ethereum Price Support

There was a fleeting amendment started towards $440 as of late in ETH price against the US Dollar. The ETH/USD match rectified lower from the $465 swing high to $440 swing low. It tried the 38.2% Fib retracement level of the last leg from the $404 low to $465 high. Purchasers showed up and secured more misfortunes underneath $400. At long last, the said adjustment was finished and the price bounced higher.

Amid the upside, yesterday’s featured imperative contracting triangle was broken with obstruction at $454 on the hourly graph of ETH/USD. The combine even broke the last swing high close $465. All the more critically, there was a nearby over the $455-458 obstruction zone. Another week by week high was framed at $481.75 and the price is right now uniting picks up. It is trying the 23.6% Fib retracement level of the last wave from the $443 low to $481 high. Be that as it may, the most imperative help on the drawback is over the $458 level. The half Fib retracement level of the last wave from the $443 low to $481 high is likewise at $462 to go about as a purchase zone.

 

Ethereum Price (ETH Price) Analysis ETH USD

Taking a gander at the diagram, the ethereum price is situated pleasantly above $458 for more picks up. An upside break over the $481 high could open the entryways for additionally picks up towards the $500 and $520 levels.

Hourly MACD – The MACD is at present level in the bullish zone.

Hourly RSI – The RSI is currently put pleasantly over the 50 level.

Significant Support Level – $458

Significant Resistance Level – $480

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