Ethereum Price Technical Analysis – Can ETH/USD Break 100 SMA?
- ETH price is in the meanwhile consolidating losses with a slight bullish angle above $375 in opposition to the US Dollar.
- There’s a predominant bearish growth line forming with resistance at $392 on the hourly chart of ETH/USD (data feed by the use of Kraken).
- The pair has to maneuver above the $395 resistance and the 100 hourly straightforward transferring frequent to understand upside momentum.
Ethereum price is in the meanwhile consolidating losses in opposition to the US Dollar and Bitcoin. ETH/USD ought to pierce the 100 hourly SMA to remain in a constructive zone.
Ethereum Price Upside Barrier
There was an sincere assist customary above the $350 stage in ETH price in opposition to the US Dollar. The price started an upside correction and traded above the $375 stage. It moreover succeeded in transferring earlier the 23.6% Fib retracement stage of the ultimate drop from the $465 extreme to $360 low. Nonetheless, the upside wave is in the meanwhile going by means of a major barrier…