Ethereum Price Watch | ETH/USD Shoots Higher, Reaches Week High


Ethereum worth watch: Ethereum edges larger right this moment.

Key Highlights:


  • Ethereum worth moved up by about 5% on Tuesday morning, reaching a seven-day excessive of $548.80.


  • ETH/USD is presently on a significant bullish run to check a resistance at $550.


  • The cryptocurrency market continued its restoration from final week, including $12 billion in 24 hours.

Ethereum Value Watch: ETH/USD Edges Greater, Hits Weekly Excessive

Ethereum worth edged larger on Tuesday morning, hitting a weekly excessive of $548.80. Presently, ETH/USD is within the $530-$540 worth vary. A significant help has been established on the decrease band of this buying and selling vary at $530.

ETH/USD has been on a significant bullish run for the reason that open, testing a significant resistance at $550. A break above that’s unlikely as there are some indicators of pullback towards the help. Nonetheless, your complete cryptocurrency market continues to be on a path to restoration from final week, including $12 billion previously 24 hours, and additional bull runs are nearly inevitable. On the draw back, a motion under $530 might take Ethereum worth all the way down to a retracement degree of $505.

Ethereum price watch
Supply: Tradingview

As for the technicals, the MACD is exhibiting a weak bearish sign, whereas the RSI indicator places Ethereum in a severely oversold territory. Buying and selling quantity has slowed down previously few hours.

Trying on the Technical Indicators:


  • Hourly MACD — Bearish sign


  • Hourly RSI — Ethereum is in oversold territory


  • Main Resistance Stage — $550


  • Main Assist Stage — $530

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