ETH/USD Establishes Multi-Year High Around 745: Sally Ho’s Technical Analysis 28 December 2020 ETH

Ethereum (ETH/USD) extended its current benefit surge early in todays North American session as the set intensified higher to the 745.00 area after trading as low as the 659.67 location throughout the Asian session. Notably, todays intraday high represents a fresh multi-year high for ETH/USDSignificant Stops were recently elected above the 615.19637.79668.87679.78, and 698.88 area throughout the march to successive multi-year highs. Extra upside cost objectives include the 819.23879.23910.42939.22, and 985.15 areas..
Following the pairs recent relocations to succeeding all-time highsdownside retracement levels and locations of possible technical support consist of the 710.09694.34672.97656.62628.40, and 601.94 levelsETH/USD has just recently traded up more than 5% month-to-date, and traded up more than 450% year-to-date. Traders are observing that the 50-bar MA (4-hourly) is bullishly showing above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (per hour) is bullishly showing above the 100-bar MA (per hour) and above the 200-bar MA (hourly).
Rate activity is nearby the 50-bar MA (4-hourly) at 632.68 and the 50-bar MA (Hourly) at 678.84.
Technical Support is anticipated around 699.32/ 612.33/ 530.32 with Stops expected below.
Technical Resistance is expected around 745.94/ 819.23/ 877.71 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

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