Good morning, everyone. I hope you have a great Saturday. Well, after that significant run yesterday, it looks like ETH may have reached the perfect storm of price level of support. As of 0300 EST, on the 4-hour chart, the 12-period Exponential Moving Average is providing nice support, and it looks like the 200-period EMA is moving in to offer some backup as well. The RSI level has also started to settle in back under 70.
I think these are all positive signs, but let's not forget the bears have been running the show for quite a while now. I don't believe in making predictions, but I think it's worth you keeping an eye on. Have a good weekend.
I think these are all positive signs, but let's not forget the bears have been running the show for quite a while now. I don't believe in making predictions, but I think it's worth you keeping an eye on. Have a good weekend.