*The price of Ethereum is above the $ 630 level with positive signs against the US dollar.
*On the hourly chart of ETH / USD, there is a significant upward trend line with support of $ 610.
*The pair remained on a rising high and broke the $ 648 level for close gains.
Ethereum (ETH) is trading with US dollar and rising signals against Bitcoin. The ETH / USD was nicely positioned to surpass the recent high of $ 648.
Ethereum price, technical analysis
Ethereum is trading above the $ 630 level with positive signs against the US dollar. ETH went above $ 620 and $ 640, reaching as high as $ 648. Later, he gave a slight downward reaction and corrected the ETH below $ 640. Finally, there was a decline below the 23.6% Fib retreat and the ETH increased from $ 593 to $ 648.
However, downward movement has been sustained by the $ 620 support zone. In addition, 50% Fib recovery level of the last top leg rising from $ 593 to $ 648 also acted as a support. ETH seems to have completed a low-disadvantageous fix for $ 648. ETH continues to move upwards and approaches $ 642- $ 648 resistance territory. There is also a significant uptrend line on the hourly chart of ETH / USD, which is supported by $ 610 support. As long as the price is above $ 610-620, you can move higher and break the $ 648 level soon.
Looking at the graph, the ETH is showing a bullish trend above $ 600. A successful break on the $ 648 high rate will most likely push the price above $ 650. The general prejudice has risen to $ 620 and $ 610 with downward support.
Ethereum (ETH) price analysis
Hourly MACD: MACD is about to go back to the bull's-eye.
Hourly RSI (Relative Power Index): The RSI is now well above the 50 level.
Large support level: $ 610
Great resistance level: $ 648