[ad_1]
- ETH / USD is limited by $ 155.00.
- Final support is $ 138.00.
Ethereum, now the second largest currency with a market value of $ 15.8 B is trading at $ 153.50 with a slight bullish rise. The currency reached its highest level in 2019 at $ 164.74 and has remained at $ 150 to $ 160 since that time. The movements in ETH prices are influenced by Constantinopole's next update, as many traders prefer to sit on the fence before the potentially risky event.
Technically speaking, the price is limited by a confluence of technical indicators, which include Bollinger Band 15 min min, 23.6% Fibo weekly retracement, SMA200 15 min, SMA50 1 hour, SMA100 1 hour, and the previous 4 hour low. Once this area has been cleared, the recovery can be extended to $ 155 resistance zones created daily by SMA5, Pivot Point Daily Resistance 1, Bollinger Band 15 min.
The next major obstacle blocking the short-term bullshit is $ 160.00 psychological strengthened by the Bollinger Band 4 hours at most and from previous months on high. It separates us from the highest level of 2019 to $ 164.74 and a maximum resistance of $ 170.00 with the Bollinger Band daily Upper and Pivot Point 1-month Resistance 1.
Below the current price, initial support is created by a combination of 38.2% weekly Fibo retracement and 23.6% weekly Fibo retracements on a $ 149.00 approach. A lower sustainable movement will increase the downward pressure and will open the way towards 23.6% Fibo retracement each month to $ 143.00, which separates us from $ 140.00 psychological and final support on approach to $ 138, 00 created by Support 1 month Pivot 1 and SMA100 4 hours.
BTC / USD, 1D
Source link
