FX.co ★ #Ethereum chart analysis

#Ethereum H4 Currently the asset is trading at the resistance level 2504.43 and the moving average is already slightly below, which supports the upward direction. That is, at this time there is an opportunity to continue upward toward the resistance at 2634.88. Whether it will stubbornly act now or not is still a question. A bounce now from this level with a move slightly below the moving average would be a southward move, and, at minimum, the support at 2414.50 will be tested. A break of that support is not necessarily a continuation to the downside; continuation will occur if, after the breach, it can hold below. All the best to everyone.