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ETHUSDT

ETH could hit 245 dollorETH is following ascending channel since its last fall to 86 dollars, On 30th April it tried to break out upward channel resistance but unable sustain the movement and thereafter it is moving downward with slight resistance of trend line that is depicted with green color. The white lines are Fibonacci retrenchment level 0.5,0.61,0.786 that represents 187, 211, 245 level respectively,the price is facing resistance from 211. If price breaks that level it will hit 245 level within next 2 to 3 days , buy it at 215 with volume confirmation
Short
by OK_Rane
ETH/USD Latest Analysis #1 Key Highlights * Support around $100+ level held strongly.\u2028 * 200H-MA(moving average) broken with buying volume.\u2028 * Ethereum(ETH/USD) price surged 20%+.\u2028 * $120+ resistance broken and retested.\u2028 #2 Chart Analysis Ethereum trading $122+(Bitfinex) and showing signs of strong upward momentum. Looking at the ethereum trends on Hourly(4H) chart timeframe, we can observe few bullish signs.It has broken short-term downtrend line(red) as well as 200H-Moving Average which was acting as strong resistance as stated in the article published last week. If we look at the ethereum price analysis today on hourly time-frame(4H), it has penetrated through the Ichimoku cloud and needs to hold above cloud for further bullish momentum.Though Stoch-RSI indicator is in the oversold region(bullish) , MACD indicator is entering into the bearish territory. Looking at the ethereum technical analysis today, It needs to hold the present level to test(touch) the immediate resistance(Red) around $140+ price level.Also, there is a possibility of a S/R flip at the current level but if it doesn't happen then we might see the $113-$110 price level as there is not upcoming ethereum news to act as a catalyst. #3 Conclusion Over the past 2 days, Ethereum (ETH/USD) has managed to move 20%+ while the entire crypto market remains in the strong momentum. Ethereum price analysis 2019 states it needs to undergo a corrective rally before continuing the bullish momentum.
BITFINEX:ETHUSD
by coinswitch-trading