Ethereum About to Bounce
Ethereum About to Bounce – ETH price traded close to the $157 level against the US Dollar. It declined below the $154 and $150 support levels. There was also a break below the 23.6% Fib retracement level of the recent leg from the $130 low to $157 high. The price found a strong support near the $144 level.
Ethereum About to Bounce – From the above chart, ETH for more gains should break above the $150 and $154 levels. A break above the high near $157 is needed for solid bulls to raise. MACD for the pair is in the bullish zone and RSI is just above the 50 levels.
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