Home Ethereum Ethereum price update: ETH/USD catapults to new daily highs – FXStreet

Ethereum price update: ETH/USD catapults to new daily highs – FXStreet

2 min read
0
321

  • Ethereum bulls catapult it to new daily highs around $159.12.
  • Current technical levels indicate that Ethereum is poised for additional movement to the upside.

ETH/USD is currently extending gains towards $160. Besides, the trend has formed new intraday highs around $159.12. As discussed in an earlier published analysis, the buyers are keeping their focus on $160 in the short-term.

At the moment, with gains of more than 10% on the day, it is only a matter of time before we witness a correction above the $160 hurdle. Meanwhile, ETH/USD is dancing at $157.09. The RSI 1-hour has revamped the trend upwards inside the overbought while the MACD in the same range at +3.39 is still sloping upwards.

Current technical levels indicate that Ethereum is poised for additional movement to the upside. However, in the event, a correction ensues support has been established at $150, the 50 SMA and the 100 SMA 1-hour, $140 as well as $132.00.

ETH/USD 1-hour chart


Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

Let’s block ads! (Why?)


Source link

Load More Related Articles
Load More By admin
Load More In Ethereum

Leave a Reply

Your email address will not be published.

five × 5 =

Check Also

Are Block Builders the Key to Fixing Ethereum's MEV Centralization Woes? – CoinDesk

Beneath proof-of-work, Ethereum has two main stakeholders on the transaction aspect: custo…