empty
 
 
26.06.2022 06:45 PM
Ethereum can continue bounce towards $1,700 if $1,300 is broken.

This image is no longer relevant

Red lines -Bearish channel

Ethereum price remains trapped inside a downward sloping channel since the beginning of April. Price continues making lower lows and lower highs. The RSI has not provided us with any bullish divergence, however price has reached oversold levels and is turning upwards. Price is challenging the upper channel boundary. If bulls manage to break above it, we should expect Ethereum price to continue its rise towards the $1,700 area where we find the previous consolidation range and last bearish signal. So previous support becomes current resistance.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback