- Major support – $10.02 (61.8% retracement $14.85 and $7)
? - The pair has taken support near $10 and started to slightly recover from that level. It is currently trading around $12.39.
? - ETH/USD minor resistance is around $12.57 (50% retracement of $14.85 and $10.29) and any break above will take the pair to next level till $13.11/$13.85/$14.85.
? - The pair should break above $15.20 for further bullishness.
? - On the lower side major support is around $11.80 (21 day MA) and break below targets $11.20/$10.55. Break below $10 confirms minor weakness.
? - Overall bullish trend reversal only below $7.
It is good to buy at dips around $11.70-$11.80 with SL around $10 for the TP of $13.85/$14.85/$15.20
The material has been provided by InstaForex Company – www.instaforex.com