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, one could say, somewhat supports the downward direction of the quotes. That means they could quite well continue to fall now and in that case one can look toward support at the level 2187.82. Lower levels can be considered only if they manage to break through the level and hold below it. A rebound from support with the quotes moving above the moving average would already open up the possibility of an upward path and the resistance at the level 2295.76 could be overcome. And then, likewise by the principle of consolidation, they will be able to continue rising to the next resistance at the level 2375.845. All the best.