FX.co ★ sandra75 | #Ethereum chart analysis

#Ethereum H4

It turns out that Ethereum has settled above the resistance at 3074.11, and this level is now acting as support for us. Additionally, the moving average is supporting the north direction while being below the quotes. Thus, there is a high probability of the northward continuation. In this case, we can consider the target of the direction to be the resistance at 3180.76, and then we will see based on the actual situation. However, if the quotes return back below the level and also drop below the moving average, this would indicate a prospect for the continuation of the southward direction. We will discuss possible targets based on the actual situation.