FxWirePro: ETH/USD hovers around 200-DMA, break above 11 targets 11.63
ETH/USD broke above 200-DMA and hit a high of 11 levels on January 21. However, it is struggling to hold its strength above this level and is currently trading at 10.77 levels at press time (Kraken). Ichimoku analysis (D…
ETH/USD broke above 200-DMA and hit a high of 11 levels on January 21. However, it is struggling to hold its strength above this level and is currently trading at 10.77 levels at press time (Kraken).
Ichimoku analysis (Daily chart):
Tenkan-Sen: 10.29
Kijun-Sen: 9.33
Trend reversal: 9.64 (90 EMA)
On the upside, a consistent break above 10.78 levels (200-DMA) would target 11.00 (January 21 high)/ 11.63 (January 05 high)/12.
On the flip side, 10.42 (7-DMA) is acting as a major support for the pair and a break below would drag it to 10.10 (21-DMA)/ 9.64 (90-EMA).
The penalty had already been paid, and the CFTC joined the request after a review led the agency to say it would not have brought the case under its current standards.
Bitcoin (BTC) output at Duff fell 23% to 25.63 BTC, while the company cited Memphis hosting and electricity costs as a main factor in higher direct expenses.
