FX.co ★ #Ethereum chart analysis

#Ethereum H4 Ether is currently trading at the support level 2353.60 and the moving average is located slightly above the prices, acting as resistance to the upside. So at the moment there is a possibility of the support being broken. In that case, a consolidation of prices below the level would become a signal indicating the asset's intention to continue the downward direction, with support at 2184.77 in that case serving as the prospective target. It is also worth understanding the simple fact that prices are currently at support and, as can be seen, this support is not a simple one. From levels of this type prices can quite easily move upward. In that case, the actual breakout of prices above the moving average would become a signal for upside opportunities and the possibility to move to the resistance at 2534.24. All the best.