ETH/USD experienced a sharp growth in Asia. Intraday RSI implies the continuation of the upside momentum. Ethereum (ETH) recovered from yesterday’s low of $166.87 to trade at $174.80 at the time of writing. The second largest coin rose sharply during Asian hours and touched the area above $176.00 before the speculative positioning pushed in back below $175.00. Looking technically, ETH/USD struggles to settle above $175.00 handle, despite some positive momentum visible on the intraday charts. Once this barrier is out of the way, the recovery may be extended towards $178.00 and $179.50 strengthened by the upper boundary of 4-hour Bollinger Band. Meanwhile. psychological $180.00 separates us from the recent high of $184.00 touched on May 7. On the downside, ETH/USD is supported by $170.00 followed by $168.15 (SMA50, 4-hour). A sustainable move lower will expose $166.30 barrier created by 38.2% Fibo retracement and $165.50 (lower boundary of 4-hour Bollinger Band. Considering that the intraday Relative Strength Index (RSI) has reversed to the North, the further intraday growth looks likely. However, a lot will depend on general sentiments on the cryptocurrency market. ETH/USD, 4H 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/JPY Technical Analysis: Decent support emerged in the mid-122.00s FX Street 3 years ETH/USD experienced a sharp growth in Asia. Intraday RSI implies the continuation of the upside momentum. Ethereum (ETH) recovered from yesterday's low of $166.87 to trade at $174.80 at the time of writing. The second largest coin rose sharply during Asian hours and touched the area above $176.00 before the speculative positioning pushed in back below $175.00. Looking technically, ETH/USD struggles to settle above $175.00 handle, despite some positive momentum visible on the intraday charts. Once this barrier is out of the way, the recovery may be extended towards $178.00 and $179.50 strengthened by the upper boundary… 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.
