- ETH/USD crossed $300 for the first time since August 2018.
- ETH/USD went up from $296.35 to $304 so far this Saturday.
ETH/USD has had a pretty historic Saturday so far. The price has gone up from $296.35 to $304, crossing $300-level for the first time since August 2018. The daily confluence detector shows us that ETH/USD has a clear path to $350.
ETH/USD daily confluence detector
The daily confluence detector shows us that ETH/USD doesn’t have any strong resistance levels. The only decent resistance level is at $320, which has 1-month pivot point resistance 1.
On the downside, ETH/USD has one powerful support level at $290, which has the daily 38.2% Fibonacci retracement level, daily Bollinger band upper curve, 100-day simple moving average (SMA 100), previous month high and weekly 23.6% Fibonacci retracement level.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.