ETH is currently trading with an increasing bullish bias. Ether is still rallying above the three Simple Moving Averages, and as I stated previously, while price is above these three, I expect a surge to the upperside with an ideal take profit at $833.50. On its way to the upperside, the key lines to check for include $538.80, $612.00, $760.00 and $809.50. If these lines are broken, then the price will continue to the upperside. I will only consider a short position should the price break below $415.60. With this position, I’ll be on focusing a break below $366.60 to confirm further momentum to the lowerside.
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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