ETH/USD extends recovery moves from $688 to intraday high near $735.00. Overbought RSI suggests another pullback but immediate EMA, five-week-old rising trend line limits nearby downside. Bullish MACD, sustained trading beyond short-term supports keep buyers hopeful. ETH/USD takes bids near $735.00 as crypto traders begin Wednesday’s session. The Ethereum pair dropped to $688 amid consolidation from a multi-month high before bouncing off 5-day SMA to regain the $700 level. Although overbought RSI conditions challenge ETH/USD bulls, sustained trading beyond 5-day EMA and an upward sloping trend line from November keep suggesting the quote’s further upside. In doing so, the monthly high of around $747 can offer an intermediate halt before directing ETH/USD buyers toward May 2018 top near $830. It should, however, be noted that the $800 round-figure may act as a buffer during the rise. On the contrary, 5-day EMA and the aforementioned support line, respectively around $705 and $685 can have an extra filter of the $700 threshold to restrict the pair’s short-term declines. If ETH/USD sellers retake controls past-$685, last Wednesday’s low near $550 will be on their radars. ETH/USD daily chart Trend: Bullish 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 Gold Price Analysis: XAU/USD bulls look to US Senate for breaking monotony below $1,900 FX Street 2 years ETH/USD extends recovery moves from $688 to intraday high near $735.00. Overbought RSI suggests another pullback but immediate EMA, five-week-old rising trend line limits nearby downside. Bullish MACD, sustained trading beyond short-term supports keep buyers hopeful. ETH/USD takes bids near $735.00 as crypto traders begin Wednesday’s session. The Ethereum pair dropped to $688 amid consolidation from a multi-month high before bouncing off 5-day SMA to regain the $700 level. Although overbought RSI conditions challenge ETH/USD bulls, sustained trading beyond 5-day EMA and an upward sloping trend line from November keep suggesting the quote’s further upside. In doing so, the monthly… 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.