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. That means at the moment there is an opportunity to continue upward towards resistance at 2634.88. Only whether they will act decisively now is still a question. A rejection from this level now with a drop slightly below the moving average would be a downward move, and at minimum the support at 2414.50 will be tested. A break of this support is not necessarily a continuation of the downside; continuation will occur only if, after the breach, price can consolidate below. All the best to everyone.