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Ethereum price traded higher and broke the $ 92.00 and $ 96.00 resistances. ETH / USD touched the $ 100.00 resistance and it is currently correcting lower.
- Price is as high as $ 100.37 and is currently correcting gains.
- ETH / USD surpassed a major bearish trend line at $ 90.10 on the 30-minute chart.
- It could be found at $ 93.20.
Ethereum Price Analysis
Yesterday, we discussed that the price is primed for more gains above the $ 90.00 and $ 92.00 resistance levels. The price did move higher, broke the $ 90.00, $ 92.00 and $ 96.00 barriers, and moved into a bullish zone. Similarly, there were solid gains noted in bitcoins, eos, ripple and other altcoins.
Click to Enlarge Chart
Looking at the 30-minute chart of ETH / USD, the pair gained peace above the $ 92.00 level and the 25th simple moving average (30-min). At the bullish wave, the price surpassed at major bearish trend line at $ 90.10.
It cleared the path for $ 96.00 and $ 98.50 resistance. ETH traded as high as $ 100.37 and it is currently correcting lower.
23.6% Fibrefécément à l'écolement de l'écolement de l'écolement de l'écolement de la française. More importantly, the price is following a bullish flag with current resistance at $ 98.00 on the same chart.
Downside extension below the $ 95.00 level. The main support is near the $ 93.20 level and the 50% Fib retracement level of the recent wave from the $ 86.00 low to $ 100.37 high.
Climb back above $ 96.00 and $ 98.00. Above all the $ 100.37 high and the $ 105.00 resistance.
On the other hand, a break below the $ 93.20 support may push to $ 91.50 support area, which was a resistance earlier. Overall, ETH remains nicely supported near $ 93.20 and $ 91.50 if there is a downside correction.
The market data is provided by TradingView, Bitfinex.
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