ANALYSIS
NQ100 Finds Support from PPIApr 14
ETHUSD: We will follow 1 445 support closely
The most influential members of the Federal Reserve closed the door to a 100 basis point rate hike at the next meeting. For this reason, while investor risk appetite has recovered in global markets, the volume of the cryptocurrenccy market has again exceeded 1 trillion dollars. Ethereum, on the other hand, ended its movement within the band, which had lasted for about 2 months, due to the reactions taken at this point. Technically, as long as it stays above 1 445, bullish momentum is likely to continue towards 1650 and 1760 level indicated by Fibonacci 38.2 percent retracement line. On the other side, downward moves below 1 445 may deepen to 1 325 support level.
