Just as in XRP, Ether is trading with a neutral bias. recently, I have seen two bullish pin bars being supported by the two Simple Moving Averages (52, 14), Unless the price clearly breaks below these two SMAs and most importantly below $670.71, I expect a surge to the upper side with my first take profit being $942.68 and the next take profit at $1162.05. On the other side, should the price get below $670.71, then a plunge towards $348.90 is expected.
Technical Levels
Resistance levels
R1: 667.00
R2: 1162.03
R3: 942.60
Pivot
755.12
Support Levels
S1:397
S2: 397
S3: 284
Trade Signal
Buy Ether now towards $942.60.
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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