FX.co ★ sandra75 | #Ethereum chart analysis

#Ethereum H4

Ethereum did not continue to move north and the quotes turned south, and at the moment the downward movement is continuing. The moving average is already above the quotes, which clearly supports the southern direction. So now there is a possibility to test the support at 1690.10, after which it may head north again and finally test the resistance at 1845.50. And then it will depend on the situation. A breakout of the support at this point is of course an opportunity for the southern direction, but the south will only continue if, after breaking the support, the quotes are able to consolidate below the level. Consolidation rules out a false breakout. Wishing everyone good health.