FX.co ★ #Ethereum chart analysis

#Ethereum H4 Support at the level 2187.82 has so far halted the price decline, but the moving average is above the price and this supports the downside scenario. A break of this level and subsequent consolidation below would clearly be a continuation of the downside and in that case the outlook for that path could extend to support at 1889.75. Not immediately, of course, but as a target it is clear. The upside here is only above the moving average and also in fact upon the asset moving above the level 2375.84. A close above that level would indicate the bulls' strength and accordingly the upside would continue. All the best.