ETH/USD faces resistance at 13.50, break above targets 14.45
ETH/USD is trading flat after hitting 13.50 levels and has taken support near 10-day MA. It is currently trading at 13.25 levels at the time of writing (Kraken). Long-term trend: Bullish Ichimoku analysis of daily chart:…
By Shampa Mani
Updated 1 min read
Image from the original EconoTimes article
ETH/USD is trading flat after hitting 13.50 levels and has taken support near 10-day MA. It is currently trading at 13.25 levels at the time of writing (Kraken).
Long-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 13.03
Kijun Sen: 12.90
Trend reversal: 12.12 (90 EMA)
“The pair trading above 13.11 (10-day MA) and further bullishness in the pair could be confirmed only if it breaks above 13.50 levels”, FxWirePro said in a statement.
On the upside, major resistance is seen at 13.50 (September 28 high) and a break above would target 14.45 (September 20 high)/15.03 (127.2% retracement of 14.45 and 12.30).
On the downside, support is seen at 12.93 levels (21-DMA) and a break below would weaken the pair to 12.50 (psychological level)/12.30 (September 22 low).
BNY plans broader tokenized-asset support and direct RLUSD services. Trade-finance work is intended, while a supply-chain finance initiative with C2FO remains exploratory.
