Ethereum has made a bullish exit of our long term descending resistance-turned-support line triggering more bullish momentum. We’re seeing intermediate ascending support holding it up really nicely too. Our major support is at 1008 where a further bounce could occur towards 1164 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (34) has made a bullish exit of its long term descending resistance-turned-support line too signaling that we could be seeing much more bullish momentum.
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RSI (34) has made a bullish exit of its long term descending resistance-turned-support line too signaling that we could be seeing much more bullish momentum.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results