Buy Ether towards $601.70 | 19 June 2018

Technical Observation

Ethereum is currently trading with an increasing bullish bias momentum. Yesterday, Ether rallied a bit higher than expected and even went above the three Simple Moving Averages (14, 52, 90). As i said earlier last month, while the price is above these SMAs, I expect a rally to the upper side. Technically, I expect a surge towards $601.70 and should breakout higher with the next take profit at $722.90. On its way upwards, the key lines to check for include $574.00, $601.70, and $696.10. If these lines are breached, then a rally even higher is expected.

Trade Signal.

Buy Ether towards $601.70

101% Double the volume

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.