ETH/USD recovers from recent loss, the first resistance created by 23.6% Fibo retracement. Upward-looking RSI confirms a bull’s case scenario. ETH/USD has settled above $167.00 handle to trade at $172.19 by the time of writing. The second largest digital asset with the market value of $18.1 billion has gained over 2.5% since this time on Wednesday and tested $174 handle during early Asian hours. Ethereum’s technical picture On a daily chart, ETH/USD is trading well all moving averages. An upward-looking RSI (the Relative Strength Index) implies that the coin has not exhausted its bullish potential as yet and may retest the recent high of $187.50 (April, 4) in the foreseeable future. Once it is cleared, psychological $200.00 will come into focus, bringing the coin to the highest levels since November 2018. However, ETH bulls will have to overcome several barriers before they get to the crucial levels. The local resistance is created by $174.40 (23.6% Fibo retracement). It may trigger a short-term correction with the first aim at $164.20 (middle line of 1-day Bollinger Band) and $160.00. This handle is followed by 50% Fibo retracement at $159.78. ETH/USD, 1D 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 USD/JPY slumps to fresh weekly lows at 111.75, then rebounds FX Street 4 years ETH/USD recovers from recent loss, the first resistance created by 23.6% Fibo retracement. Upward-looking RSI confirms a bull's case scenario. ETH/USD has settled above $167.00 handle to trade at $172.19 by the time of writing. The second largest digital asset with the market value of $18.1 billion has gained over 2.5% since this time on Wednesday and tested $174 handle during early Asian hours. Ethereum's technical picture On a daily chart, ETH/USD is trading well all moving averages. An upward-looking RSI (the Relative Strength Index) implies that the coin has not exhausted its bullish potential as yet and may… 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.
