FX.co ★ #Ethereum chart analysis

#Ethereum H4 At this time the asset, or rather its price quotes, are below the level 2295.76 and the moving average can be said to slightly support a downward direction of the quotes. That means prices could quite possibly continue to fall now, and in that case one can look toward support at the level 2187.82. Looking lower would only be possible if they manage to overcome the level and consolidate below it. A rebound from the support with prices moving above the moving average would already open the possibility of a northward path, and they could overcome the resistance at the level 2295.76. And then, likewise by the principle of consolidation, they could continue to rise toward the next resistance at the level 2375.845. All the best to everyone.