FX.co ★ #Ethereum chart analysis

#Ethereum H4 At the moment the asset is trading below the resistance level 2660.20 and the moving average is below the prices, which provides support both to the prices and to the upward direction overall. Overcoming the resistance will allow continuing the path to the resistance at 2822.05 but, only in the case if prices can hold above that level. This simply rules out the possibility of a false breakout and thereby confirms the upward direction. As for a pullback direction at the moment this is, of course, an option and the support at 2530.62 is the level that can give the start to a renewed move higher. All the best to everyone.