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 a possibility to continue upward toward the resistance at 2634.88. The question is whether they will act persistently now or not. A rejection from this level now with a move slightly below the moving average would be a downward move and at a minimum the support at 2414.50 will be tested. A break of this support is not necessarily a continuation of the downtrend; continuation will occur if, after the breach, the price is able to hold below. All the best to everyone.