Technical Observation

For now a second time in a span of less than two weeks, the price has go above the three Simple moving Averages (14, 52, 152). While the price is above these Moving Averages, I expect a rally to the upper side. THis entire downtrend that has dominated this crypto currency since earlier this year could be coming to an end, thus, I choose to focus on potential buy position. On the way to the upper side, the key lines to look for include $485.50, $591.00 and $714.00, a break above these lines may push the price further towards $1,000.00.

Trade Signal.

Long ETH now towards $714.00