ETH/USD is currently trading at $394.37 after a brief consolidation period. Ethereum dropped to a low of $327 after wild market price action due to a whale placing large Bitcoin orders on Binance. Ethereum has recovered extremely well from the flash crash on August 2 which took the digital asset from its peak of $415 to $327 in minutes. Ethereum bulls are eying up $400 again as they are facing almost no resistance levels until $500. ETH/USD 1-hour chart The 1-hour chart has clearly formed an uptrend after the dip and ETH is slowly climbing up establishing good support levels behind. ETH/USD daily chart The recent flash crash hasn’t changed anything and Ethereum is still playing with that daily bull flag. Again, buyers haven’t established many support levels on the way up and a healthy consolidation period would be ideal. The next crucial resistance level is located at $515, formed back in July 2018. 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 Coronavirus update Spain: 968 new infections confirmed in past 24 hours FX Street 3 years ETH/USD is currently trading at $394.37 after a brief consolidation period. Ethereum dropped to a low of $327 after wild market price action due to a whale placing large Bitcoin orders on Binance. Ethereum has recovered extremely well from the flash crash on August 2 which took the digital asset from its peak of $415 to $327 in minutes. Ethereum bulls are eying up $400 again as they are facing almost no resistance levels until $500. ETH/USD 1-hour chart The 1-hour chart has clearly formed an uptrend after the dip and ETH is slowly climbing up establishing good support levels… 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.
