FX.co ★ #Ethereum chart analysis

#Ethereum H4 Support at 2187.82 has so far halted the price decline, but the moving average is above the prices and this supports the bearish scenario. A break of this level and subsequent close below it would be a clear continuation of the bearish direction and in that case the outlook for this path may extend to the support at 1889.75. Not immediately of course, but as a target it's clear. The bullish direction here is only above the moving average and also by the asset's breakout above the level 2375.84. A close above this level will indicate bull strength and accordingly the upside will continue. Wishing everyone well.