ETH/USD rose impressively in the second half of the week. Ethereum seems to have gone into a consolidation on Saturday. Daily RSI stays above 70, pointing out to a technical correction in near-term. Ethereum (ETH/USD) staged an impressive rally from Wednesday and gained nearly 15% in the previous three days to touch its highest level in more than two years at $445 on Friday. With the trading action in the cryptocurrency market turning subdued on Saturday, Ethereum is consolidating its gains and was last seen losing 0.4% on the day at $437. Ethereum technical outlook During Thursday’s sharp upsurge, the RSI indicator on the daily chart rose above 70 and stayed there as Ethereum continued to add to its gains on Friday. In the near-term, ETH/USD could make a technical correction before trying to renew its two-year highs. On the downside, $427 (daily low) aligns as the initial support before $400 (psychological level) and $380 (20-day SMA). Resistances are located at $445 (two-year high), $480 (July 2018 static resistance) and $500 (psychological level). Ethereum daily chart Additional levels to consider 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 USD/CAD Forecast Aug. 17-21 -Canadian dollar climbs, consumer data next Kenny Fisher 2 years ETH/USD rose impressively in the second half of the week. Ethereum seems to have gone into a consolidation on Saturday. Daily RSI stays above 70, pointing out to a technical correction in near-term. Ethereum (ETH/USD) staged an impressive rally from Wednesday and gained nearly 15% in the previous three days to touch its highest level in more than two years at $445 on Friday. With the trading action in the cryptocurrency market turning subdued on Saturday, Ethereum is consolidating its gains and was last seen losing 0.4% on the day at $437. Ethereum technical outlook During Thursday's sharp upsurge, the… 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.
