According to the technical analysis of NewsBTC's Aayush Jindal:
ETH experienced a correction against the US Dollar after the price surged as high as $ 1,438.
The price is consolidating above the $ 1,320 support level and the 100 simple moving average (4-hours).
There is a key bullish trend line formed with support near $ 1,295 on the 4-hour chart of ETH / USD (based on Kraken data).
The pair is likely to further accelerate its uptrend after breaking the $ 1,400 and $ 1,430 resistance levels.
What do you think of this prediction?
ETH experienced a correction against the US Dollar after the price surged as high as $ 1,438.
The price is consolidating above the $ 1,320 support level and the 100 simple moving average (4-hours).
There is a key bullish trend line formed with support near $ 1,295 on the 4-hour chart of ETH / USD (based on Kraken data).
The pair is likely to further accelerate its uptrend after breaking the $ 1,400 and $ 1,430 resistance levels.
What do you think of this prediction?