ETH/USD stalled after the partial recovery from the weekend losses. The further upside momentum is limited by the psychological $400.00. Ethereum, the second-largest digital asset, hit the new high at $415 on Sunday, August 2, and retreated to $379.70 by press time. The second-largest digital asset has gained nearly 3% since the beginning of the day, though it is still down 1% in the recent 24 hours. ETH/USD: Technical picture On the intraday charts, ETH/USD is supported by the upward-looking middle line of the 1-hour Bollinger Band $375.50 closely followed 50-hour SMA at $373.50. Once it is out of the way, the sell-off is likely to gain traction with the next focus on psychological $350.00 reinforced by 1-hour SMA100. The intraday RSI is flat in the neutral position, which means the price may stay continue moving inside the range for some time before the growth is resumed. The short-term trend remains bullish as long as the price stays above $350.00. ETH/USD 1-hour chart On the daily charts, strong resistance is created by $400.00. This psychological barrier is supported by the upper line of the Bollinger Band. Once it is broken, the recent high of $415 will come into focus. A sustainable move above this area will take ETH/USD into uncharted territory. ETH/USD 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 US Dollar Index clings to gains around 93.50 ahead of data FX Street 3 years ETH/USD stalled after the partial recovery from the weekend losses. The further upside momentum is limited by the psychological $400.00. Ethereum, the second-largest digital asset, hit the new high at $415 on Sunday, August 2, and retreated to $379.70 by press time. The second-largest digital asset has gained nearly 3% since the beginning of the day, though it is still down 1% in the recent 24 hours. ETH/USD: Technical picture On the intraday charts, ETH/USD is supported by the upward-looking middle line of the 1-hour Bollinger Band $375.50 closely followed 50-hour SMA at $373.50. Once it is out of the way,… 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.
