ETH/USD is moving with a strong bullish bias in sync with the market. The next important resistance is created by SMA200 4-hour. Ethereum (ETH), the second-largest digital asset with the current market value of $25.5 billion resumed the recovery and surpassed $233.00 barrier. At the time of writing, ETH/USD is changing hands at $0.233.38 amid growing bullish momentum. ETH/USD has gained over 3.6% on a day-to-day basis moving in sync with the market. ETH/USD: Technical picture On the intraday level, ETH/USD hit the barrier created by the upper line of 1-hour Bollinger Band at $233.50. Once it is out of the way, the upside is likely to gain traction with the next focus on $234.70, which is the highest level since March 3. This resistance level separates the coin from psychological $235.00 and the next important hurdle created by SMA200 4-hour at $236.60. This level also marks the upper boundary of the recent consolidation channel. A sustainable move higher will open op the way to $240.00 and $245.70 (SMA100 4-hour). On the downside, the initial support is created by $230.00. A move below this level will worsen the short-term technical picture and bring new sellers to the market. The next downside target comes at $226.00. It is created by a confluence of SMA50 4-hour and the middle line of 4-hour Bollinger Band. Once it is cleared, psychological $220.00 will come to the fore, followed by February 27 low of $210.00. ETH/USD 4-hour 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 GBP/USD: Everything in favour of the pound FX Street 3 years ETH/USD is moving with a strong bullish bias in sync with the market. The next important resistance is created by SMA200 4-hour. Ethereum (ETH), the second-largest digital asset with the current market value of $25.5 billion resumed the recovery and surpassed $233.00 barrier. At the time of writing, ETH/USD is changing hands at $0.233.38 amid growing bullish momentum. ETH/USD has gained over 3.6% on a day-to-day basis moving in sync with the market. ETH/USD: Technical picture On the intraday level, ETH/USD hit the barrier created by the upper line of 1-hour Bollinger Band at $233.50. Once it is out of… 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.