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Ethereum Price Weekly Analysis, eTH uSD, downsides Remain Supported was last modified: April 22nd, 2018 by Aayush Jindal. Donate Bitcoin donate Litecoin, donate Ethereum 0x B8AE5a245E4ED161C971Dc4c3C8E2B 2018 CoinMarketCap, useful Links. ETH uSD eyes further gains once the current correction is over in the near term.
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Night Mode, off On, downloads, donate. At the moment, it looks like the price is consolidating above the 580 pivot level before it makes the next move. Therefore, the pair remains well supported near the 480 and 475 levels. A short-term downside correction is underway and the price has moved below the.6 Fib retracement level of the last wave from the 487 low to 838 high. It traded as high as 638 before it faced selling interest.
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ETH uSD (data feed via, kraken ). 4-hours macd, the macd is slightly moving in the bearish zone. The price surged higher and it was able to break many resistances such as 550, 580 and 600. As long as the price is above the 575 level, it could bounce back above 610. The above chart also indicates a nasty uptrend from the 487 swing low.
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Thus, the price may correct a few points or consolidate, but it remains well bid on the downside near 475 in the near term. However, the downside move found support near the 580 level. Key Highlights, eTH price traded higher this past week and moved above the 580 pivot level against the US Dollar.
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Ethereum price is back in an uptrend versus the US Dollar and Bitcoin. There is a crucial bullish trend line in place with support at 575 on the 4-hours chart.
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4-hours RSI, the RSI is currently moving lower toward the 60 level. Warning, you are using, firefox 43, which is known to crash when using Cryptowatch.
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Google Chrome is another good alternative. On the downside, there is a crucial bullish trend line in place with support at 575 on the 4-hours chart.