ETH bulls push the price to $147.00 amid global recovery. The upside momentum may start fading away at this stage. Ethereum, the second-largest digital asset with the current market value of $16.0 billion, has regained ground after a massive sell-off on Monday. ETH/USD hit the bottom at $132.48 and recovered towards $147.00 by the time of writing. The coin is 8% higher from this time on Monday and mostly unchanged since the beginning of the day. Ethereum’s technical picture On the daily charts, ETH/USD bulls pushed the price above psychological $140.00; while the technical picture has improved, we still need to see a sustainable move above $159.30-$160.00 area (the lower boundary of the previous consolidation channel), to negate the immediate bearish scenario. Once this barrier it is out of the way, the upside is likely to gain traction with the next focus on psychological $170.00, followed by SMA50 (Simple Moving Average) daily at $177.30. On the downside, the initial support is created at $145.00 by a combination of SMA50 1-hour and the lower line of 1-hour Bollinger Band on 1-hour chart. If it is broken, the sell-off may gain traction with the next focus on psychological $140.00, followed by the previous week’s low at $138.00. ETH/USD, the daily 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 Gold Price News and Forecast: XAU/USD licking wounds at key levels, eyeing bull RSI divergence FX Street 3 years ETH bulls push the price to $147.00 amid global recovery. The upside momentum may start fading away at this stage. Ethereum, the second-largest digital asset with the current market value of $16.0 billion, has regained ground after a massive sell-off on Monday. ETH/USD hit the bottom at $132.48 and recovered towards $147.00 by the time of writing. The coin is 8% higher from this time on Monday and mostly unchanged since the beginning of the day. Ethereum's technical picture On the daily charts, ETH/USD bulls pushed the price above psychological $140.00; while the technical picture has improved, we still need… 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.
