Let's take a look at the current state of ETHUSD
Hi guys,
Long time without checking ETH and it is quite a miss since it's one of the best performing and easy to trade altcoins out there in my opinion.
The last trading day of the previous workweek came with a small correction to $170 for ether, which was followed by a continuation of the upward movement on Saturday. The ETH/USD pair reached $188 and added another 10 percent to its value.
On Sunday, the ETH experienced a short sell-off and a drop to $180. It closed the week with a 14 percent increase.
Still, in a very stable uptrend in the short-term, the coin is trading at $183 as of the time of writing, peaking at $186 in the early morning before getting rejected at the 100-day EMA. This is our next target - surpass the first of the two longterm EMAs and reach the zone near $190 as shown on the graph. A move above that very, very important level will allow us to set the ground for an attack of the $200 mark and break the downtrend line coming down from February.
Trading volumes are also on the rise and with small exceptions remain stable in the $14-$16 billion zone since Thursday afternoon. In general, quite bullish on ETH at the moment
Cheers,
Long time without checking ETH and it is quite a miss since it's one of the best performing and easy to trade altcoins out there in my opinion.
The last trading day of the previous workweek came with a small correction to $170 for ether, which was followed by a continuation of the upward movement on Saturday. The ETH/USD pair reached $188 and added another 10 percent to its value.
On Sunday, the ETH experienced a short sell-off and a drop to $180. It closed the week with a 14 percent increase.
Still, in a very stable uptrend in the short-term, the coin is trading at $183 as of the time of writing, peaking at $186 in the early morning before getting rejected at the 100-day EMA. This is our next target - surpass the first of the two longterm EMAs and reach the zone near $190 as shown on the graph. A move above that very, very important level will allow us to set the ground for an attack of the $200 mark and break the downtrend line coming down from February.
Trading volumes are also on the rise and with small exceptions remain stable in the $14-$16 billion zone since Thursday afternoon. In general, quite bullish on ETH at the moment
Cheers,
Komentar:
ETH was rejected at the 100-day EMA yesterday, but luckily found support at $170. I'm still bullish here.
