Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Crypto Technicals: ETH/USD tests 288 (2019 high), momentum with the bulls

ETH/USD chart - Trading View 

Exchange - Coinbase

Support: 273.34 (5-DMA); Resistance: 288.77 (2019 high)

Technical Analysis: Bias Bullish

ETH/USD spikes over 5% on the day to re-test 2019 highs at 288 level.

The pair ends consolidation and is set to extend upside, tracking Bitcoin prices.

Momentum studies are highly bullish. MACD and ADX support upside continuation.

On the weekly charts, the pair has broken above 55W EMA resistance and entered into cloud.

Volatility is rising as indicated by widening Bollinger Bands rising scope for new highs.

Next bull target would be $350 ahead of 396 (23.6% Fib retracement).

Failure to hold above weekly cloud base will see resumption of downside. 

​For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex. 
 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2019-07-02 15:32:08
0m
2019-07-02 15:32:02
0m
2019-07-02 15:30:39
0m
2019-07-02 15:30:27
0m

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 764688764688m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764688764688m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 776508776508m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 764688764688m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 776508776508m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 764688764688m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764688764688m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764688764688m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.