- Ethereum price launches a fresh a breakout to $220 after reclaiming support above $200.
- ETH/USD bulls mist target to break the short term resistance for a smoother rise to $220 and $230 levels.
At the time of trading, Ether is exchanging hands at $209 after surging only 1.17% on the day. The cryptoasset’s immediate upside is capped by the 100 ( ) in the hourly range. The intraday high is now the next resistance target likely to stand in the way of the recovery to $220. Meanwhile, the ( )’s recovery above 50 (average) hints that Ethereum is now at the edge of a breakout.
Besides the resistance at $210, $212 and $220, Ethereum buyers must prepare to tackle the resistance. A break above this key hurdle, could be the key for impressive gains to levels at $230 and open the way for gains towards $250.
On the downside, initial support is established at the 50 , holding the ground at $207.32. The critical $200 level could also function as support but the key area of interest in the previous day support at $195. Other levels of interest include $190 and $170 respectively.
Ethereum Intraday Key Levels
Spot rate: $209.64
Relative change: 2.73
Percentage change: 1.17%