FX.co ★ #Ethereum chart analysis

#Ethereum H4 At this time the asset, or rather its price, is below the level 2295.76 and the moving average, one could say, slightly supports the downward direction of the price. That is, prices could quite possibly continue to fall now, and in that case you can look toward support at the level 2187.82. You can look lower only if prices can break through the level and consolidate below. A rebound from support with prices moving above the moving average would already present the possibility of an upward path, and they could overcome the resistance at the level 2295.76. And then, similarly by the principle of consolidation, they will be able to continue rising toward the next resistance at the level 2375.845. Best wishes to all.