Ethereum Conquers EMA50 and EMA100 Simultaneously

7 Jul 2022

A bullish development, another one, taking place on the ETHUSD (Ethereum) chart.

Prices have gone above EMA50 and EMA100 on the 4h timerame.

Ethereum hasn't been trading above EMA100 since April 2022...
See the chart:

- As ETHUSD lost EMA100 as support, a very strong decline followed!

Now, when we look at the current price dynamics, we can see ETHUSD trading above this level after a rejection 26-June.

With this resistance level gone, we can expect a higher high in the days and weeks to come.

Ethereum, together with Bitcoin, Cardano and the rest of the Cryptocurrency market, will grow.

Namaste.