empty
 
 
28.01.2021 01:20 PM
Ethereum Still Bullish!

Ethereum (ETH/USD) is traded higher at 1,300.74 level versus 1,205 yesterday's low. The outlook is bullish and the price could push higher again after the most recent temporary decline.

Ethereum declined a little only because the price of Bitcoin registered a sell-off in the short term. An increase of BTC/USD could bring a bullish momentum here on ETH/USD as well.

ETH/USD Within An Up Channel!

This image is no longer relevant

As you can see on the h4 chart, ETH/USD increased within an up channel. It has managed to escape from the minor descending pitchfork's body indicating further growth.

The critical support is seen at the red uptrend line and at the S1 (1,144) level. Only dropping below these levels could invalidate the upside scenario and could bring a selling opportunity.

Closing and consolidation above the Pivot Point (1,291) could confirm that ETH/USD will move higher towards fresh new highs.

Trading ETH/USD!

ETH/USD could attract more buyers from above 1,130 after its failure to retest the descending pitchfork's upside line. Buying from above 1,1327 today's high with a first potential target at the R1 (1,541) is possible.

The Stop Loss for such a long position could be hidden under the S1 (1,144) level.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback