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  $USDCHF struggling to break through parity mark
READ  $USDCAD Extends Higher To Threaten 200 DMA Break
READ  Ethereum forecast analysis ETHUSD September 13, 2017

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

Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

Leave a Reply

Create Account



Log In Your Account