Ethereum Price Analysis – ETH/USD Move To $ 800

Key Points

• The price of ETH increased and broke through the resistance level of 780 US dollars;
  Analysis of the hourly ETH / USD chart shows an uplink with good support of about $ 760 (data provided by Bitstamp);
  The uptrend has excellent prospects, and probably any attempts to adjust will be able to find support at $ 750.
  

In addition, Ethereum is also growing to Bitcoin. Dynamics and analysis of the graphs indicate the forthcoming increase in the price of ETH.

Analyzing the graph, we can conclude that a decline below $ 746 is likely to find support. However, at the level of $ 785-790 a resistance line is formed. But the main resistance is at $ 800.
The MACD signal line indicates a short-term turn. However, the indicator is strongly in the bullish zone. StochRSI shows a rebound from overbought.