Remaining neutral on this Crypto currency seems more appealing than taking any position. So far, since the beginning of this year, ETH has been rallying with an increasing bearish momentum, and recently, the price began to go above and below the three Simple Moving Averages (14, 52, 152) irregularly, and even though I forecasted a possible drop in value, ETH is likely to gain some value before taking on the bears side.Thus, Unless there's a clear buying indication on this Crypto, I choose to remain bearish on ETH.
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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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Imelda Maseno
Analyst of «FreshForex» company
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