Ethereum is currently trading with a neutral bias. In the recent past, Ethereum established a support around $367.40. This is a key support line, and while it remains un-breached to the lower side, this is a potential buy place with an ideal take profit at $828.10. On its way to the upperside, the key lines to check for include $540.80, $597.5 and $771.15. If is when these lines are broken, then a rally further upwards is expected. As it is on the 4 hour chart, only a buy position looks more ideal.
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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