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Crypto Technicals: ETH/USD hits new 10-month highs at 339, eyes 396 (23.6% Fib)
ETH/USD chart - Trading View
Exchange - Coinbase
Support: 316 (5-DMA); Resistance: 396.69 (23.6% Fib)
Technical Analysis: Bias Bullish
Ethereum tracks Bitcoin higher, hits new 10-month highs at 340.
ETH/USD trades over 7% higher at 340.95 at 12.00 GMT, bias is bullish.
The pair extends break into weekly cloud, on track to test 23.6% fib at 396.69.
Technical indicators are sharply higher, Stochs and RSI show momentum is highly bullish.
MACD show a bullish crossover on signal line and DMI shows positive DMI dominance which supports gains.
Break above 23.6% Fib to see further upside. Next major resistance lies at 515 (July 16 high).
5-DMA is immediate support at 316. Break below to see minor weakness.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.