Ethereum bounces upwards following the plunge to $325 moments after hitting yearly high at $415. ETH/USD remains in the hands of the bulls as seen with the bullish session printed by the Elliot Wave Oscillator. Ethereum has back in the $300’s range after briefly trading above $400. The tremendous price action occurred in tandem with Bitcoin’s surge above $12,000. Ripple also stepped above the critical $0.30. On the other hand, ETH/USD ascended to new 2020 highs above $400. A yearly high was traded at $416.48 (on Coinbase) before the devastating plunge occurred. Ether is currently trading at $373.74 which is marginally above 2019 high at $361. Support at this level is expected to continue to hold as buyers focus on making the bullish case to $400. Resistance is expected at $380 but if broken, gains above $400 are likely to materialize. Technically, Ethereum is in the hands of the bulls as seen with the RSI position above 70. The reversal from the levels above $400 is reflected in the RSI drop from 88 to 85. The Elliot Wave Oscillator is also in a bullish session, which means that gains will continue in the near term. 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 Gold Price Analysis: XAU/USD healthy technical picture eyes 2,000 in the near term FX Street 3 years Ethereum bounces upwards following the plunge to $325 moments after hitting yearly high at $415. ETH/USD remains in the hands of the bulls as seen with the bullish session printed by the Elliot Wave Oscillator. Ethereum has back in the $300’s range after briefly trading above $400. The tremendous price action occurred in tandem with Bitcoin’s surge above $12,000. Ripple also stepped above the critical $0.30. On the other hand, ETH/USD ascended to new 2020 highs above $400. A yearly high was traded at $416.48 (on Coinbase) before the devastating plunge occurred. Ether is currently trading at $373.74 which is… 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.
