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Cryptocurrencies Market Update ➡️ Solid ECN
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[QUOTE="Solid ECN, post: 206399, member: 83167"] [JUSTIFY][B]ETHUSD, technical analysis[/B][/JUSTIFY] [HR][/HR] [JUSTIFY]The ETHUSD pair continues to grow actively, correcting upwards in relation to the mid-term downward trend. This week, the price of the cryptocurrency reached the level of 3437.5, which it is currently testing. Consolidation above it will give the prospect of further upward dynamics to the 3600 and 3900. The key level for the "bears" is 3125, the breakdown of which will allow quotes to fall to the area of 2920.00 (Fibo retracement of 23.6%, the middle line of Bollinger Bands) and 2500, but so far this option of price movement seems less likely, since the indicators point out the continuation of the upward trend: the Bollinger Bands and the Stochastic are directed upwards, and the MACD histogram increases in the positive zone. [B]Resistance levels[/B]: 3437, 3600, 3900. [B]Support levels[/B]: 3125, 2920, 2500.[/JUSTIFY] [ATTACH type="full"]20820[/ATTACH] [/QUOTE]
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