FxWirePro: ETH/USD rangebound, close above 5-DMA targets 100
ETH/USD is trading in a narrow range between 82 and 86 levels as its upside is being capped by 5-DMA. It is currently trading at 85 levels at the time of writing (BTC-e). Ichimoku analysis (Daily chart): Tenkan-Sen: 82.0…
By Shampa Mani
Updated 1 min read
Image from the original EconoTimes article
ETH/USD is trading in a narrow range between 82 and 86 levels as its upside is being capped by 5-DMA. It is currently trading at 85 levels at the time of writing (BTC-e).
Ichimoku analysis (Daily chart):
Tenkan-Sen: 82.07
Kijun-Sen: 69.15
On the upside, a close above 84.76 (5-DMA) would see the pair testing 92 (May 07 high)/98 (113% extension of 41 and 92).
On the 2-hour chart, 50-SMA is acting as a major resistance for the pair and further bullishness could be seen only on a break above this level.
Support is seen at 82 (2h 100-EMA) and a break below would drag the pair to 79.75 (23.6% retracement of 41 and 92)/75 (May 09 low). Traders are preferred to wait for a confirmed signal on daily charts.
Lloyds Banking Group, Barclays and NatWest Group were named in 5,144 entries. A separate UK authorization regime for crypto firms is due to begin in October 2027.
