FX.co ★ #Ethereum chart analysis

#Ethereum H4 Right now the asset is trading at the resistance level 2504.43 and at the same time the moving average is slightly below, which supports the upward direction. That is, at this time there is an opportunity to continue moving upward toward resistance at the level 2634.88. Only whether they will push persistently now or not is still a question. A rebound now from this level with a drop slightly below the moving average would be a southward move, and at minimum the support at 2414.50 would be tested. A break of this support is not necessarily a continuation of the downside; continuation will occur only if, after overcoming it, price manages to consolidate below. All the best.