ETH / USD jet for $ 200, technically and fundamentally supported


  • The price of Ethereum is outperforming its peers, with a gain of around 7% on Tuesday.
  • On January 16th there is a strong optimism towards Constantinople's fixed fork.

Wednesday's Ethereum price is a huge out-performer compared to many of its peers, with huge gains of over 7%. Momentum towards the last stages of the day keeping its course to the north.

There is a sense of positive optimism throughout the community of Ethereum, which is heading towards the constant gallows of constantinople. This is scheduled for January 16, which should largely optimize speed and costs.

ETH / USD is supported by a growing trend line, which can be viewed through the 4-hour chart display. This has been going on since December 16, at the time of starting this strong upward trend. The main support can be reviewed in the territory of $ 132, where the trend line traces. The main area following the breakdown for the bulls will be an area of ​​$ 155-160, where a certain supply is seen. A decisive break above can open the door for a move towards $ 180 and then the $ 200 psychological sign.

ETH / USD 4-hour chart

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