empty
 
 
07.06.2022 09:45 PM
Ethereum respects key support and bounces higher.

This image is no longer relevant

Red line - resistance trend line

Blue rectangle - horizontal support

In our previous analysis on Ethereum, we noted the importance of the $1,700 horizontal support level. Price recently tested this level once again and it was respected. Price is now bouncing higher at $1,845 with potential to reach $1,910. A descending triangle pattern has been formed. The resistance in the 4 hour chart is shown by the red downward sloping trend line. Bulls need to break above this resistance trend line in order to hope for the start of a new upward move. As long as price remains below the red trend line resistance, the chances favor a downward break below $1,700 support. Until then traders need to be patient as there is still plenty of room inside the triangle pattern for price to continue moving sideways.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
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 $6000 more!
    In December we raffle $6000 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
  • 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