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, providing support to both the prices and the upward direction overall. Breaking through the resistance will allow continuation toward the resistance at level 2822.05 but, only if the prices can consolidate above that level. This simply rules out the possibility of a false breakout and thus confirms the upward direction. A pullback is, of course, an option at the moment and the support at level 2530.62 is the level that can kickstart the resumption of the uptrend. Wishing everyone well.