ETHUSD Analysis by Ec Crypto
ETH remains in a lateral movement fluctuating between a resistance line of $615 and a support line of $590. If the candlestick breaks out the resistance line, we will take a LONG position to reach our 1st Target at $641 (5.2%) and maybe the price will reach our 2nd Target at $726 (19.04%). If the candlestick breaks out our support line, we will take a SHORT position and wait for the price to hit 1st Target at $542 (11%) or the price might as well hit 2nd Target at $492 (19.04%).
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