ETH/USD slipped under $107.00 handle during an uneventful Asian session. The third largest digital coin has been moving within a channel with mild upside bias since January 31. The short-term technical picture remains positive as long as the price stays above $105.50 (lower boundary of the above-said channel).
ETH/USD daily confluence detector
The way to the North is packed with resistance levels; however, a sustainable move above $111.00 will increase that bullish momentum and clear the way to $117.00 guarded by 23.6% Fibo retracement daily.
Below are the strongest resistance levels created by a confluence of technical indicators:
On the downside, there are two support areas of notice:
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The short-term picture is positive as long as the coin stays above $105.50.
ETH/USD slipped under $107.00 handle during an […]
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