FX.co ★ #Ethereum chart analysis

#Ethereum H4 The asset is currently trading at the resistance level 2504.43 and the moving average is already slightly below, which supports the upward direction. So at the moment there is the possibility to continue upward toward the resistance at 2634.88. Whether they will act decisively now or not is still a question. A rejection from this level now with a move slightly below the moving average would be a downward move and, at minimum, the support at 2414.50 would be tested. A break of this support is not necessarily a continuation lower; continuation will occur only if after the breach the price can consolidate below. All the best.