ETH To Extend Above $120
ETH To Extend Above $120 – Ethereum price made a decent upward move above $122 level against US Dollar. ETH/USD tested the $125 resistance zone and then lowered below $120 support level. It declined below $124 and then below $122 levels to start a downside correction. The price declined below $120 but was above 100 SMA.
ETH To Extend Above $120 – The hourly chart shows that ETH price is placed well above the $118 support and 100 SMA. The price could move above $124 and make its next move. Otherwise, the price could rail back below $114. Hourly MACD for the pair is moving towards bearish zone and RSI is above the 50 level.