FX.co ★ #Ethereum chart analysis

#Ethereum H4 At this time the asset is trading below the resistance level 2660.20 and the moving average is below the prices, which provides support both to the prices and to the upward direction overall. Breaking the resistance will make it possible to continue the move toward the resistance at 2822.05, but only if prices can close and hold above that level. This simply rules out the possibility of a false breakout and thereby confirms the upward direction. Well, a pullback is of course an option at the moment, and the support at 2530.62 is a level that could give the start to a resumption of the uptrend. Best wishes to everyone.