FxWirePro: ETH/USD pauses at 161.8% fib, break above targets 215
ETH/USD hit a fresh all-time high at 182 levels on Monday and is currently trading at 169 levels at the time of writing (BTC-e). The recent surge comes as Enterprise Ethereum Alliance (EEA) announced the addition of 86 n…
By Shampa Mani
Updated 1 min read
Image from the original EconoTimes article
ETH/USD hit a fresh all-time high at 182 levels on Monday and is currently trading at 169 levels at the time of writing (BTC-e).
The recent surge comes as Enterprise Ethereum Alliance (EEA) announced the addition of 86 new members.
Ichimoku analysis (Daily chart):
Tenkan-Sen: 131
Kijun-Sen: 116.90
The pair has paused at 182 levels (161.8% extension of 40.12 and 128) and a break above would see it testing 215/240.
Overall trend appears bullish with no signs of reversal. Caution is advised as stochs and RSI are in the overbought zone.
On the downside, support is seen at 152 (2h 10-SMA) and any violation would drag it to 139 (2h 20-SMA)/121.21 (2h 50-SMA).
