ETH Bullish Trend And Fib Retracement Level

ETH Bullish Trend And Fib Retracement Level

The recently bullish trend has been seen in Ethereum prices against USD and Bitcoin. The resistance level is marked above $230 resistance level from the past few hours. It is expected that the ETH against will show some more bullish trend and will move to $236 resistance level. Furthermore, Ethereum price is showing the bullish attitude against the Bitcoin also. By looking at the previous days record the price level reached up to $239.31. Later on, the prices have decreased to $230. However, Fib retracement level has shown the slight drop up to $23.6 percent.

Nevertheless, 100 hourly SMA at $224 saved the drop. The next support was made on $223 with the Fib retracement level of 61.8 percent. Furthermore, it is expected that the price will show a more bullish attitude and can go up to $239. They can even increase up to $250 level on hourly chart of Ethereum against US dollar if the prices continuously show a bullish trend.

ETH Bullish Trend And Fib Retracement Level 1

By looking at the above chart, it can be seen that Ethereum prices have support at $223 and $221. On the negative side, the price could go back to $213 in the near future but it will be short term. The chart depicts that ETH price is giving the best results at $223 support. The hourly MACD is expected to flow in the Bull attitude of the prices. In short, we can say that price has main support on $221 and the major resistance is at $236 and it will increase further with the bullish trend.

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ETH Bullish Trend And Fib Retracement Level
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