FX.co ★ #Ethereum chart analysis

#Ethereum H4 Currently the asset is trading below the resistance level 2660.20 and the moving average is below the price, which provides support to both the price and the upward direction overall. Overcoming the resistance will make it possible to continue toward the resistance at 2822.05, but only if prices can consolidate above that level. This simply rules out the possibility of a false breakout and thereby confirms the upward direction. Well, a pullback is of course also an option at the moment, and the support at 2530.62 is a level that may kick off a resumption of the uptrend. All the best to everyone.