FX.co ★ sandra75 | #Ethereum chart analysis

#Ethereum H4 Currently the asset is trading at the resistance level 2504.43 and the moving average is already slightly below while still supporting the upward direction. So at the moment there is an opportunity to continue upward toward resistance at 2634.88. The only question is whether buyers will act decisively now or not. A rejection from this level now with a drop slightly below the moving average would be a downward move and at minimum the support at 2414.50 would be tested. A break of this support is not necessarily a continuation of the downside; continuation will occur only if after the breach it can consolidate below. All the best to everyone.