Ethereum is moving higher amid positive market sentiments. Long-term recovery may be capped by technically important resistance levels. ETH/USD is changing hands at $541, 4% higher on daily basis. The second largest coin with current market value $54.4B and average trading volumes $1.5B has been growing steadily since it reached $461 low on June 13. Generally, more positive sentiments support the upside correction, but from the longer-term point of view, Ethereum is still locked within the bearish trend with the first major hurdle at $576 (100-DMA). The coin has been trading below this DMA since the end of May, it capped the recovery in the beginning og June, which eventually led to an extended Ether sell-off. If it is broken, psychological $600 followed by 23.6% Fibo at $652 will come into focus. From the short-term point of view, everything is great as long as ETH/USD stays above $500. strong growth above $530 is also a positive sign, showing that the recovery is gaining traction. This handle has turned into support level, strengthened by 50 and 100-SMA (30-min chart) ETH/USD, 30-min 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 EUR/USD headed back to 1.1535/30 amid notable USD demand FX Street 3 years Ethereum is moving higher amid positive market sentiments. Long-term recovery may be capped by technically important resistance levels. ETH/USD is changing hands at $541, 4% higher on daily basis. The second largest coin with current market value $54.4B and average trading volumes $1.5B has been growing steadily since it reached $461 low on June 13. Generally, more positive sentiments support the upside correction, but from the longer-term point of view, Ethereum is still locked within the bearish trend with the first major hurdle at $576 (100-DMA). The coin has been trading below this DMA since the end of May,… 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.
