Weekly chart: On April 29, 2024,
ETHUSD
s forming a bull flag pattern above the rising 30-week and 52-week MA. A breakout move out of this pattern suggests a further increase to 4670 (first target, the peak of 2021 uptrend) and 6370 (second target)
Daily chart:
ETHUSD
moved up above MA-20 which is a positive sign however it is still below its MA-50 and the current resistance (3280) seems not easy to clear.
I would put a buy stop order above the MA-50 on daily chart and 10-week MA on weekly chart.
ETHUSD
s forming a bull flag pattern above the rising 30-week and 52-week MA. A breakout move out of this pattern suggests a further increase to 4670 (first target, the peak of 2021 uptrend) and 6370 (second target)
Daily chart:
ETHUSD
moved up above MA-20 which is a positive sign however it is still below its MA-50 and the current resistance (3280) seems not easy to clear. I would put a buy stop order above the MA-50 on daily chart and 10-week MA on weekly chart.
