Ethereum conquers the resistance at $220 but settles under $230 in a bullish action-filled weekend session. Ethereum is likely to take a breather under $230 but above support at $220 in wait for the next leg above $240. Spot rate: $225 Relative change: -3 Percentage change: 1.36% Trend: Bearish bias (short term) Volatility: Expanding ETH/USD daily chart After rising and settling above the 200-day SMA, Ethereum is facing acute resistance at $230. If the resistance is cleared, the action could turn the market strongly bullish and open the road for gains towards $360. Ethereum is likely to hold on to the support at $225 and $220 until the course is clear for another attack on $230 and $240. Trend signals from indicators such as the RSI, volume and momentum indicators could help foretell the future price action. ETH/USD 1-hour chart Short term analysis has a bearish bias based on the RSI’s downward dip below the average (50). As long as the 100 SMA support holds the ground, the potential for upward will continue to grow. 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 USD/IDR sits at multi-day tops, as Indonesia Q4 current account deficit widens to 2.84% FX Street 2 years Ethereum conquers the resistance at $220 but settles under $230 in a bullish action-filled weekend session. Ethereum is likely to take a breather under $230 but above support at $220 in wait for the next leg above $240. Spot rate: $225 Relative change: -3 Percentage change: 1.36% Trend: Bearish bias (short term) Volatility: Expanding ETH/USD daily chart After rising and settling above the 200-day SMA, Ethereum is facing acute resistance at $230. If the resistance is cleared, the action could turn the market strongly bullish and open the road for gains towards $360. Ethereum is likely to hold on to… 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.
