FX.co ★ #Ethereum chart analysis

#Ethereum H4 At this time the asset is trading below the resistance level 2660.20 and the moving average is below the price, which supports both the price and the upward direction overall. Overcoming the resistance will allow the move to continue toward the resistance at 2822.05 but, only in the case that prices can consolidate above that level. This simply rules out the likelihood of a false breakout and thus confirms the upward direction. As for a pullback direction at the moment it is of course an option and the support at 2530.62 is the level that could give the start to a renewed move north. All the best.