You can see that Etherium established a supportive zone around 572.11-596.23 few weeks ago. As we speak, ETH is at 932.47, we expect a test of the daily resistance level 1392.35 and a possible breakout to continue long with an ultimate target at 1500.00. If you went long around 572.11-596.21, leave this position open, if not, you want to wait for a second pullback towards 572.11-596.21, then pick a long position. From the current chart set and structure, bears are eyeing a break below 596.21 or a rebound from 1392.35, while bulls are eyeing a break above 1392.35 or a rebound from 672.11 to pick a long position.
Trade Recommendations:
Rebuy ETH around 672.11 towards 1500.00
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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