$400 Will Get Tested As Support

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Key Support Levels: $410, $400, $380
Key Resistance Levels: $438, $445, $465

Comment: On a larger timeframe, there is support in the $420 region. If it holds, the next major resistance is at $475. If ETH fails to hold the $420 support, 100 EMA could serve as the next support. RSI value of 60, with no dips well below 50 in the past few days, indicated an uptrend.

ETH registered its highest weekly close in over two years at $390 and looked poised to post a new weekly high on Sunday. The overall picture of ETH was bullish, with a possible dip to test support.

A dip to $400 - $410 level is a good buying opportunity.


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