ETH/USD Technical Analysis: Ethereum surges above the 200 SMA and approaches the 180.00 level

ETH/USD daily chart

 

  • ETH/USD broke above its 200-day simple moving average (SMA) suggesting that a bull market in the crypto currency can be around the corner.

 

ETH/USD 4-hour chart

 

  • ETH/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.
  • The level to break for bulls is 180.00 followed by 200.00 and 220.00 resistances.
  • Support are seen at 170.00, 150.00 and 135.00 level.

 

Additional key levels

 

 

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