Last week, Ether rallied higher and even went above the 4 hour resistance line $463.96. Even most important, the price went above the three simple moving averages 14, 52, 90. As I mentioned few months ago, while the price is contained above these three SMAs, I expect a surge to the upper side. The idea is to wait for slight corrections then buy positions towards $545.20 and may break higher towards $604.70. I will only consider short positions should the price break below 463.96, and even then, I’ll wait for confirmations.
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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