ETH/USD recovery capped by $165.00 barrier. Initial support is created by psychological $160.00. ETH/USD is changing hands at $162.45б off the intraday low of $161.54. The second largest coin has been recovering slowly from $148.23 low touched on April 25; however, the upside momentum has not been strong enough to take the price above$170.00-$172.00 area. Looking technically, the local resistance is created by $164.85-$165.00 area, which includes the middle line of a daily Bollinger Band. Once it is cleared, the above said $170.00 barrier will come into view. Another major resistance is created by 23.6% Fibo retracement at $174.50. This area limited ETH’s recovery in mid-April and triggered the sell-off towards the recent lows. On the downside, is created by psychological $160.00 closely followed by 50% Fibo retracement at $159.70. The next barrier comes at $158.00 with DMA50 located marginally below this handle. Once it is broken, the sell-off may be extended towards $153.20 (61.8% Fibo retracement and April 29 low). ETH/USD, 1-day 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 Australia: Weakness in Q1 CPI – ANZ FX Street 3 years ETH/USD recovery capped by $165.00 barrier. Initial support is created by psychological $160.00. ETH/USD is changing hands at $162.45б off the intraday low of $161.54. The second largest coin has been recovering slowly from $148.23 low touched on April 25; however, the upside momentum has not been strong enough to take the price above$170.00-$172.00 area. Looking technically, the local resistance is created by $164.85-$165.00 area, which includes the middle line of a daily Bollinger Band. Once it is cleared, the above said $170.00 barrier will come into view. Another major resistance is created by 23.6% Fibo retracement at $174.50.… Top 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.
