FxWirePro: ETH/EUR consolidates in narrow range, bullishness only above 49.50
ETH/EUR is seen trading slightly above on Tuesday and the pair is trading between 47.80 and 43.30 for the past four trading sessions (KRAKEN). It is currently trading around 45.49 at press time. Ichimoku analysis of dail…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
ETH/EUR is seen trading slightly above on Tuesday and the pair is trading between 47.80 and 43.30 for the past four trading sessions (KRAKEN). It is currently trading around 45.49 at press time.
Long-term trend remains to be bullish. ETH/EUR faces strong resistance at 49.50 and any further bullishness only above that level.
The major resistance is around 49.48 (Mar 29th 2017 high) and any break above targets 56.32 (161.8%T retracement of 49.48 and 38.40). Short term support is seen at 43.54 (10- day MA) and any break below will drag the pair till 41.37 (23.6% retracement of 49.48 and 38.40)/ 38.40 (Apr 4th low)/35 (Mar 22nd low).
The tokens reached Binance over about an hour on Oct. 19, with an average deposit valuation of $0.2013 per token and a combined value of about $3.64 million.
The amount will be based on dividend proceeds after applicable deductions, while on-chain distributions will be reflected through the bStocks multiplier.
