Ethereum is trading above the 200 EMA which is offering support at $171.17. ETH/USD technical levels stay intact; sideways trading expected above $170.00 support. The 15-minutes chart for ETH/USD shows an asset that is correcting higher within a rising channel. From the support established at $167, Ethereum scaled the levels at $170 and even tested the next resistance at $173.00. As discussed in the cryptocurrency market update, cryptocurrencies are turning back to green following a series of consolidation sessions. Ethereum, for instance, is up 1.06% on the day to trade at $172.12. The price is above the 200 moving average exponential (EMA) 15′ which is offering support at $171.17, the 50 simple moving average (SMA) currently at $170.57 and the 100 SMA 15′ at 169.78. According to technical analysis, ETH/USD has a short-term bullish bias. The RSI is ranging slightly under other overbought. The indicator retracted from the region above 70.00 earlier today when Ethereum failed to break above $173.00. The raging trend shows that the price is likely to start consolidation above the 200 EMA. Moreover, the MACD shows that the bulls are in control. The indicator is well inside the positive region although it has stopped moving north and is embracing the ranging trend. Apart from the 200 EMA support, traders should look out for $171.00, and $170.00 support areas. Other levels that will function as anchors in case of extended declines are $168.00, $167.00 and $160.00. ETH/USD 15′ chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next How bad is the global slowdown? Examining the three main economies – MM #187 Yohay Elam 4 years Ethereum is trading above the 200 EMA which is offering support at $171.17. ETH/USD technical levels stay intact; sideways trading expected above $170.00 support. The 15-minutes chart for ETH/USD shows an asset that is correcting higher within a rising channel. From the support established at $167, Ethereum scaled the levels at $170 and even tested the next resistance at $173.00. As discussed in the cryptocurrency market update, cryptocurrencies are turning back to green following a series of consolidation sessions. Ethereum, for instance, is up 1.06% on the day to trade at $172.12. The price is above the 200 moving average… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.