FX.co ★ sandra75 | #Ethereum chart analysis

#Ethereum H4 The asset is currently trading at the resistance level 2504.43 and at the same time the moving average is already slightly below, which supports the upward direction. That is, at this time there is an opportunity to continue upward toward the resistance at 2634.88. Only whether they will act persistently now or not remains a question. A rebound now from this level with a move slightly below the moving average would be a downward move and at minimum the support at 2414.50 will be tested. A breakout of this support is not necessarily a continuation of the downward move; continuation will occur only if, after the breach, it can hold below. All the best.