By Dmitriy Gurkovskiy, Chief Analyst at RoboForex
The ETH is rising on Tue, Feb 19, trading at around $147.19.
The ascending trend broke out the resistance and reached 76%, now the coin may bounce back to $137.20 in the short term, and then target the major high at $160.44.
On H1, the Stochastic formed a black cross in the overbought territory, which signals a possible pullback with the targets at 23.60% ($141.20), 38.20% ($136.30), and 50% ($132.30) Fibo. In case the high at $149.28 gets broken out, the price is likely to hit the resistance at $157.
This time, the ETH price went up due to fundamentals. Streamr presented Monoplasma, a scalability technology that in fact is able to solve the major crypto problem, making Ether quicker and more effective.
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