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14 September 2018 15:17
Ether's price is well above the key supports against the US dollar and bitcoins. ETH / USD must keep earnings above $ 200.00 to resume its upward move.
Key Points
Ether's price rose to $ 223.96 before starting a downward correction against the US dollar.
ETH / USD broke a bullish trend line with support for $ 215.00 on the 30-minute chart.
ETH / BTC exchanged towards resistance 0.0340BTC and subsequently corrected to 0.0315BTC.
Technically, the 2-hour chart indicators are correcting lower in bullish territory. [19659008] Analysis of the prices of the ether
During the last sessions, there was a sharp rise of ETH / USD from the minimum of $ 167.73. The pair traded above $ 190.00, $ 200.00 and $ 215.00 resistance levels and scored $ 223.96. ETH / BTC also gathered above important resistors such as 0.0300BTC and 0.0315BTC. The pair was traded near 0.0340BTC and subsequently corrected to the 0.0315BTC support (the previous resistance). Looking at the 2-hour chart of Eth / USD, the pair gained bullish momentum after breaking resistance from $ 185.00, $ 188.00 and $ 200, 00. Ether also violated the resistance of $ 215.00 and the Fibonacci retracement level to $ 38.2 from $ 302.26 to $ 167.73. The price traded at $ 223.96 and subsequently started a downward correction. It fell below the $ 210.00 level and the Fibonacci retracement level to 23.6 from the recent wave from $ 167.73 to $ 223.96. However, a short-term uptrend line connected with current support at $ 204.00 has suffered losses. Going down to the 30-minute chart of Eth / USD, there seems to be strong support above $ 200.00. Therefore, if Ether continues to correct lower, the previous resistors such as $ 200.00 and $ 190.00 are likely to serve as support. At the top, there is a downtrend line in place with resistance at $ 212.00. A successful hourly closing above the resistance of the trendline could bring the price to the resistance of $ 220.00. A subsequent upward movement is likely to extend towards the resistance of $ 230.00 before the price tests 50 Fibonacci retracement level of the $ 302.26 decline to $ 167.73 approximately $ 135,00. In contrast, the $ 200.00 support area could continue to protect losses and is followed by supports for $ 191.00, $ 190.00, and $ 188.00. 
Important Strength Levels
$ 212.00 and $ 220.00
Important Support Levels
$ 200.00 and $ 190.00
2 Hour RSI
The RSI is correcting lower to levels 55 and 50.
2-hour MACD
The MACD is showing positive signs in the bullish zone.
Aayush spent over seven years as a contributor and observer of the financial markets. He specialized in market strategies and technical analysis. It strives to provide entertaining and informative analyzes on the currency and commodity markets. He is a software engineer by profession and loves blogs.
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