alexmuresan

ETH/USD - potential BUY/SELL on the retracement

Long
KRAKEN:ETHUSD   Ethereum / U.S. Dollar
When compared to the US Dollar , Ethereum gained bullish traction and broke through the $1,950 resistance.
The price of ETH has reached $2,000, and it is expected to rise further.
Ethereum's gains are continuing, and it has recently tested the $2,000 resistance mark.
The price has risen above the $1,950 support level as well as the 100 hourly simple moving average .
On the hourly chart of ETH/USD, a central bullish trend line is forming with support near $1,945.
It's possible that the pair will correct lower, but it's more likely to stay stable between $1,950 and $1,900.

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