Several bullish patterns have appeared on the Ethereum chart lately.
The first one that grabs our attention today is the bullish cross on MACD. Previous times this happened, like early February and mid-December, were followed by new highs.
Second, notice how ETHUSD pulled back to hold its previous breakout level around $1,420. Old resistance from January 2018 and January 2021 seems to be new support.
Next, the bounce is occurring at the 50-day simple moving average.
Finally, ETH is showing relative strength against Bitcoin. This chart of the ETHBTC cross shows new 2-1/2 year high early last month, followed by a drop of about 38 percent. Now it’s rebounding and regaining position against its larger rival.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
The first one that grabs our attention today is the bullish cross on MACD. Previous times this happened, like early February and mid-December, were followed by new highs.
Second, notice how ETHUSD pulled back to hold its previous breakout level around $1,420. Old resistance from January 2018 and January 2021 seems to be new support.
Next, the bounce is occurring at the 50-day simple moving average.
Finally, ETH is showing relative strength against Bitcoin. This chart of the ETHBTC cross shows new 2-1/2 year high early last month, followed by a drop of about 38 percent. Now it’s rebounding and regaining position against its larger rival.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。