BUZ INVESTORS  ETHUSD Eyeing Break Ethereum price correction was a good thing against the US Dollar and Bitcoin, and now ETH/USD is back in the bullish zone

ETHUSD Eyeing Break above $400

ETHUSD Eyeing Break above $400

BUZ INVESTORS  ETHUSD Eyeing Break Ethereum price correction was a good thing against the US Dollar and Bitcoin, and now ETH/USD is back in the bullish zone for a break above $400.
 Ethereum Price Weekly Analysis ETH USD
  • ETH price corrected lower this past week towards $255 against the US Dollar, but later it recovered very well.
  • There is a crucial bullish trend line with support at $310 forming on the 4-hours chart of ETH/USD (data feed via SimpleFX).
  • It looks like the price is about to retest $390 and may even attempt a break above $400.





 

 

ETHUSD Eyeing Break

READ  Donald Trump is Considering a Bitcoin Entrepreneur to Lead the FDA
READ  USD.JPY Make Or Break Levelill head for a deeper down
READ  $USDCAD Extends Higher To Threaten 200 DMA Break

Ethereum price correction was a good thing against the US Dollar and Bitcoin, and now ETH/USD is back in the bullish zone for a break above $400.

In the last weekly analysis, we discussed the possibility of ETH price moving past the $350 level against the US Dollar. It did remain in the bullish zone and moved above $350, but later started a correction. A high was formed at $404 from where a correction phase was initiated. The price moved down sharply and traded lower by roughly $150. It traded below $300 to trade as low as $256 where buyers appeared.

|Chart | Calendar   | TRADE NOW | FORCAST | cryptocurrency 

Market Quotes by TradingView

Like up on FACEBOOK


logo




Click here for reuse options!
Copyright 2017 Investors Buz

Leave a Reply