The current rate of ether to the dollar promises a higher growth $296


The current rate of ether to the dollar promises a higher growth $296

In the last three days saw a significant bullish price movement of air above $280. A pair of ETH/USD broke resistance levels at $295 and $300 to $302,64. However, price failed to hold above $300 and corrected to the 23.6% Fibonacci retracement on the interval $276— 302.

The loss of the owners of the broadcast was protected area support rate of $285— 288. The previously stated resistance level was about $288, and now it prevents the depreciation. The 50% level of the Fibonacci line on the interval $276— 302 corresponding increase to $289.

Moreover, the indicator 100SMA is around at $288 and signals its importance. Thus, if the price is above $285— 288, it can move even higher. Also positive point is that the chart ETH/USD with a time interval there is a significant bearish trend because of the level of resistance at $295. A break above the trend line and $298 can speak about the price movement in the direction of $310 and further up.

Looking at the chart, we can say that the price of Ethereum aims above $288. However, buyers should be ready to buy the air for $295 and 300 in order to push the price to $310.

Hour convergence/divergence (MACD) is currently in “bear” zone. The relative strength index (RSI) is around 50.

The main support level of $274, major resistance is $284.

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