The Ethereum cryptocurrency has appreciated about 20.52% in values against the US Dollar during the past week. The pair breached the 200-hour simple moving average at 123.4 during last Friday’s trading session.
As for the near future, it is likely that the ETH/USD pair continues its upward journey and probably target the 150.00 area. Furthermore, technical indicators flash buy signals on both the 4(H) and the daily time frames.
On the other hand, the blockchain could reverse from the current price level at 125.6 and aim for a support cluster formed by the combination of the 50– and 100-hour SMAs at 119.2 during the following trading sessions.
As for the near future, it is likely that the ETH/USD pair continues its upward journey and probably target the 150.00 area. Furthermore, technical indicators flash buy signals on both the 4(H) and the daily time frames.
On the other hand, the blockchain could reverse from the current price level at 125.6 and aim for a support cluster formed by the combination of the 50– and 100-hour SMAs at 119.2 during the following trading sessions.
During the Asian Session on Friday, the ETH/USD pair was trading near a one-month high level at the 149.3 are.
Technical indicators demonstrate that the coin will continue edging high during the following trading session. The potential upside target will be at a swing high of 163.0.
On the other hand, a decline from the current price level could be expected within this trading session.